Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps

WASHINGTON D.C. – In its eighth and last assembly of 2022, the Federal Reserve will probably increase rates of interest by one other 50 foundation factors, or 0.5 proportion level, Fed Chair Jerome Powell implied Wednesday. The earlier 4 Fed charge hikes have been for 75 foundation factors, or 0.75 proportion level.