interest rate-hikes

(Alex Wong/Getty Images, modified by CoinDesk)
Jerome Powell Says ‘More Work to Be Done’ as FOMC Hikes Rates 50 Basis Points
The half-percentage point increase to the federal fund rate follows four consecutive 75 bps hikes at previous meetings.
(Alex Wong/Getty Images, modified by CoinDesk)

CDCROP: Woman driving car reflected in rear view mirror, close-up (Justin Pumfrey/Getty Images)
2022 – Crypto Markets: A Year in Review
Coming off euphoric highs of the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of projects like Terra, bankruptcy filings of CeFi companies including Celsius Network and Voyager Digital and the climactic downfall of the FTX exchange.
CDCROP: Woman driving car reflected in rear view mirror, close-up (Justin Pumfrey/Getty Images)

CDCROP: Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)
Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps
Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.
CDCROP: Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)