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Fed raised rates by 75bps — Bitcoin DGAFtwitter.com/sophiamzaller/status/1537132984133996544
21 sats \ 2 comments \ @sz 15 Jun 2022 bitcoin
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1 sat \ 0 replies \ @zuspotirko 15 Jun 2022
I mean ... kinda true but ... it wasn't "anxiously". Everybody was expecting 75 points. Almost every bank from Deutsche Bank, JP Morgan, Goldman ... everybody expected 75 - only Credit Suisse predicted 50 to my knowledge
There were even Tweets like this about how obvious it was that we would get 75 points:
Uber driver expecting 75 bps hike
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0 sats \ 0 replies \ @cryptocoin 15 Jun 2022
Here's an article from the WSJ on this:
Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%.
Fed Raises Rates By 0.75 Percentage Point, Largest Increase Since 1994 https://www.wsj.com/amp/articles/fed-raises-rates-by-0-75-percentage-point-largest-increase-since-1994-11655316170 https://archive.ph/f9hs2 <-- An archive, which has no paywall, no subscription requirement, and can be easier to read
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