Crypto rallies through the Fed's first rate increase since 2023
The Federal Reserve has resumed interest rate increases for the first time since 2023, drawing parallels to 2022 market conditions. Cryptocurrency and broader markets reacted, with crypto markets rallying following the rate hike announcement, while Goldman Sachs forecasts an additional Fed rate hike in October.
- The Federal Reserve enacted its first rate increase since 2023.
- Crypto markets rallied following the rate hike announcement.
- The Federal Reserve has resumed interest rate increases.
- Goldman Sachs forecasts a Fed rate hike in October.
Part of the storyline: Will the Fed raise rates again?