Federal Reserve Hikes Rates as Expected, Will Watch ‘Lags’ in Monetary Policy; Bitcoin Rises

Federal Reserve Hikes Rates as Expected, Will Watch ‘Lags’ in Monetary Policy; Bitcoin Rises



“In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments,” according to the statement.



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