“Overall economic activity appears to have picked up after edging down in the first quarter,” the Fed said in Wednesday’s statement. “Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the [coronavirus] pandemic, higher energy prices, and broader price pressures.”
Source: https://www.coindesk.com/markets/2022/06/15/fed-announces-biggest-interest-rate-hike-in-28-years-bitcoin-falls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines