Fed Meeting Today: What Does it Signal for Cryptocurrency?

The Federal Reserve (Fed) is expected to increase interest rates by a quarter point (25 bps) today while indicating its ongoing commitment to combating inflation despite decreasing the size of rate hikes. The Federal Reserve’s eighth rate hike since March is scheduled for Wednesday and would bring the target for the fed funds rate to 4.50% to 4.75%. This is only a half percentage point…