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<span class="qa-q-view-when-data"><time itemprop="dateCreated" datetime="2022-11-03T11:28:50+0000" title="2022-11-03T11:28:50+0000">Nov 3</time></span>
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<div itemprop="text">With the intensification of the inflation battle that is covering the entire world, Western countries have also suffered an unprecedented rise in inflation rates. If we take the United States as an example, we find that
inflation reached 8.5% at the end of last March, which prompted the US Federal Reserve (FED) a few days ago to raise the main interest rate by 0.5%, the largest increase in 22 years, to become 0.9% .<br>
<br> The latest hike is the second time the US Federal Reserve has raised interest rates since 2018, after raising it by 0.25% in March. While experts expected 6 increases of similar size during 2022 and 2023, the interest rate would reach
approximately 3.50%.<br>
<br> During his press conference in Washington last Wednesday, US Federal Reserve Chairman Jerome Powell said, "Inflation is very high, and we understand the difficulties it causes," stressing that they are moving quickly to reduce it.<br>
<br> The US Federal Reserve justified its decision to raise interest rates to the highest rate in two decades by curbing the steady increase in inflation, which has been fueled by the rise in food and energy prices to record levels due to the
Ukraine war that has been going on for more than two months.<br>
<br> This step comes after inflation in the United States recorded its highest rise in 40 years, reaching 8.5% last March. Inflation is expected to continue rising in the future, exceeding the US Federal Reserve's target of 2%.<br>
<br> The process of raising interest rates, which experts expect will continue in the coming months, will make the process of borrowing from banks more expensive for individuals, companies and governments, while encouraging them to deposit
funds to take advantage of the high interest, which will be reflected, according to expectations, on calming the demand for goods and services and affecting Purchasing power in a way that will help reduce price inflation.<br>
<br> Raising interest rates in the United States is a matter that will not only affect the American economy, but is expected to have repercussions beyond America's borders as well. While the US Federal Reserve's move, which experts expect to
slow global economic growth, increased the dollar's strength against other major currencies such as the euro and the Japanese yen, gold prices began to record significant declines as well.<br>
<br> As a result of the dollar being the currency of trade and investment globally, the markets and banks of emerging countries are watching the repercussions of this step and studying the possibility of reducing its danger and negative
effects, whether on the currency rate or on foreign investments. This is what prompted Alicia García Herrero, chief expert at Natixis SA, to say: "This is a huge financial shock for the world."<br>
<br> To ensure that there is no widespread selling of their currencies and the continued attractiveness of their securities, the central banks of emerging countries will follow the same path chosen by the US Federal Reserve, as they may have to
raise interest rates on their currencies by a rate similar to that applied to the dollar.
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<span class="qa-a-item-when-data"><time itemprop="dateCreated" datetime="2022-11-03T11:29:04+0000" title="2022-11-03T11:29:04+0000">Nov 3</time></span>
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<h2><span style="color:#d35400"><strong>Cryptocurrencies: to be or not to be</strong></span></h2>
<p>Proponents of digital currencies, especially Bitcoin, have long promoted it as a safe haven against the inflationary monsoons plaguing the world's major economies. In fact, these allegations were heard in recent years, which witnessed the
Corona pandemic and the accompanying easy money that raised inflation rates to record levels.</p>
<p>While stocks and gold were negatively affected by the recovery in demand for US treasury bonds, where profits are greater and faster, digital currencies, whose trading volume exceeded the $2 trillion barrier at the height of the pandemic,
entered the first real test that tested their investors’ faith in the safe haven theory promoted by “Bitcoin”. .</p>
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<p>So far, it doesn't look very promising for cryptocurrencies; Bitcoin has already fallen about 53% from its high above $68,000 last November, while other currencies have suffered similar sharp declines.</p>
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<a href="../4989/does-raising-interest-rates-affect-digital-currencies">Does raising interest rates affect digital currencies?</a>
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Login Remember * Register Firstgooal Q&A * Questions * Unanswered * Tags * Users * Ask a Question Ask a Question WILL RAISING INTEREST RATES IN US BANKS AFFECT BITCOIN? 0 votes asked Nov 3 in question by mrcat (2.7k points) With the intensification of the inflation battle that is covering the entire world, Western countries have also suffered an unprecedented rise in inflation rates. If we take the United States as an example, we find that inflation reached 8.5% at the end of last March, which prompted the US Federal Reserve (FED) a few days ago to raise the main interest rate by 0.5%, the largest increase in 22 years, to become 0.9% . The latest hike is the second time the US Federal Reserve has raised interest rates since 2018, after raising it by 0.25% in March. While experts expected 6 increases of similar size during 2022 and 2023, the interest rate would reach approximately 3.50%. During his press conference in Washington last Wednesday, US Federal Reserve Chairman Jerome Powell said, "Inflation is very high, and we understand the difficulties it causes," stressing that they are moving quickly to reduce it. The US Federal Reserve justified its decision to raise interest rates to the highest rate in two decades by curbing the steady increase in inflation, which has been fueled by the rise in food and energy prices to record levels due to the Ukraine war that has been going on for more than two months. This step comes after inflation in the United States recorded its highest rise in 40 years, reaching 8.5% last March. Inflation is expected to continue rising in the future, exceeding the US Federal Reserve's target of 2%. The process of raising interest rates, which experts expect will continue in the coming months, will make the process of borrowing from banks more expensive for individuals, companies and governments, while encouraging them to deposit funds to take advantage of the high interest, which will be reflected, according to expectations, on calming the demand for goods and services and affecting Purchasing power in a way that will help reduce price inflation. Raising interest rates in the United States is a matter that will not only affect the American economy, but is expected to have repercussions beyond America's borders as well. While the US Federal Reserve's move, which experts expect to slow global economic growth, increased the dollar's strength against other major currencies such as the euro and the Japanese yen, gold prices began to record significant declines as well. As a result of the dollar being the currency of trade and investment globally, the markets and banks of emerging countries are watching the repercussions of this step and studying the possibility of reducing its danger and negative effects, whether on the currency rate or on foreign investments. This is what prompted Alicia García Herrero, chief expert at Natixis SA, to say: "This is a huge financial shock for the world." To ensure that there is no widespread selling of their currencies and the continued attractiveness of their securities, the central banks of emerging countries will follow the same path chosen by the US Federal Reserve, as they may have to raise interest rates on their currencies by a rate similar to that applied to the dollar. YOUR ANSWER Your name to display (optional): Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on Privacy: Your email address will only be used for sending these notifications. 1 ANSWER 0 votes answered Nov 3 by mrcat (2.7k points) Best answer CRYPTOCURRENCIES: TO BE OR NOT TO BE Proponents of digital currencies, especially Bitcoin, have long promoted it as a safe haven against the inflationary monsoons plaguing the world's major economies. In fact, these allegations were heard in recent years, which witnessed the Corona pandemic and the accompanying easy money that raised inflation rates to record levels. While stocks and gold were negatively affected by the recovery in demand for US treasury bonds, where profits are greater and faster, digital currencies, whose trading volume exceeded the $2 trillion barrier at the height of the pandemic, entered the first real test that tested their investors’ faith in the safe haven theory promoted by “Bitcoin”. . So far, it doesn't look very promising for cryptocurrencies; Bitcoin has already fallen about 53% from its high above $68,000 last November, while other currencies have suffered similar sharp declines. YOUR COMMENT ON THIS ANSWER: Your name to display (optional): Email me at this address if a comment is added after mine:Email me if a comment is added after mine Privacy: Your email address will only be used for sending these notifications. Welcome to Firstgooal Q&A, where you can ask questions and receive answers from other members of the community. RELATED QUESTIONS 0 votes 1 answer Does raising interest rates affect digital currencies? asked Nov 3 in question by mrcat (2.7k points) 0 votes 1 answer who is simon says in one of us is lying asked 9 hours ago in question by ta (175k points) 0 votes 1 answer how expenses affect profit in a business asked 9 hours ago in question by ta (175k points) 0 votes 1 answer if india loses today match what will happen asked Nov 10 in question by mm (10.9k points) 0 votes 1 answer How to profit from bitcoin trading asked Oct 17 in question by mrcat (2.7k points) * Send feedback Snow Theme by Q2A Market Powered by Question2Answer ...