It's all but certain that the Federal Reserve will announce another 0.75% hike to its target fed funds rate today -- but could it announce a full 1.00% increase?
Key points
The Fed's monthly meeting wraps up today and it's believed that the central bank will announce at least a three-quarters of a point percent increase in short-term interest rates.
It's possible that the Fed could surprise the markets with a 1.00% rate hike as the Atlanta Fed President has recently stated that everything was "in play." Earlier this month the Bank of Canada jumped its own national funds rate a full percent.
Crypto markets are surprisingly higher this morning as the entire cryptocurrency sector is up 3.5% as well as the vast majority of digital assets over the past 24-hour stretch according to CoinMarketCap.
The Federal Reserve's July Federal Open Market Committee (FOMC) meeting wraps up today. Both financial and cryptocurrency markets are trending upward with the expected news that the FOMC plans to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...