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US Federal Reserve

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The US Federal Reserve’s announcement of an interest rate hike of 25 basis points on Wednesday has caused a stir in the cryptocurrency markets. Despite concerns over the stability of the country’s banking sector, the Federal Open Market Committee voted unanimously to push ahead with its plans to tackle inflation, with interest rates now set in the range of 4.75% to 5%. The decision sent ripples through the financial markets, with Bitcoin in particular experiencing…

In the wake of recent turbulence in the financial markets, two prominent figures in the business world are calling on the US Federal Reserve to reconsider its policy on interest rates. Elon Musk, CEO of Tesla, and Bill Ackman, CEO of Pershing Square Capital Management, are both urging the Fed to take a more cautious approach to interest rate policy. Musk has been particularly vocal in his criticism of the Fed’s recent interest rate hikes,…