Best Crypto to Buy Now 22 March – LHINU, XLM, FGHT, ALGO, METRO, ETC, CCHG, TARO
The Federal Reserve was facing a tough decision as it weighed the stability of the banking system against economic stability in its interest-rate decision--but decided to hike rates by 25 basis points Wednesday in an effort to continue to curb inflation and give its vote of confidence in the stability of the financial system.
As Bitcoin continues to move sideways so far after the Fed's interest rate decision, how might this uncertain macroeconomic backdrop affect the best cryptos to buy now?
While the Fed aims to maintain its 2% annual inflation target, the consumer price index rose 6% from last year. However, the robust labor market indicates that a recession is not imminent.
Meanwhile, the sudden rise in interest rates over the past year has brought to light vulnerabilities in financial institutions, which has resulted in the downfall of Silicon Valley Bank and Signature Bank, as well as the uproar at Credit Suisse.
The Federal Reserve and other governing bodies have taken action to stabilize banks in jeopardy and instill confidence in the wider financial framework. Consequently, the Fed has said it will continue tightening with one more rise next month before pausing, in an effort to tackle inflation.
The Federal Reserve has stressed its reliance on data and inclination to favor stricter measures rather than leniency. If there were no hike in interest rates today, this would have implied an alarming level of concern regarding the state of the banking industry and could have potentially created further unease in the market.
As the Federal Reserve's decision on an interest hike has now passed, investors are wondering how the current uncertain macroeconomic environment will affect their investment decisions, especially
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