(Bloomberg) — The US central bank raised its benchmark interest rate on Wednesday, pushing it up a quarter of a percentage point. The increase – the first since 2018 – was widely expected. But at a time when the Russian war in Ukraine has shaken global markets, US inflation is at its highest level since the 1980s and Covid-19 cases are rising in some parts of the world, consumers and investors are grappling with the prospect of…

This post What the Fed’s Rate Hike Means for Inflation, Housing, Cryptocurrency and Stocks was original published at “https://www.bloombergquint.com/wealth/what-the-fed-interest-rate-hike-means-for-home-prices-crypto-stocks-savings”


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