The US Federal Reserve raises interest rates by 0.75 percentage points

After the European Central Bank (ECB) had already raised interest rates for the euro area by 0.5 percentage points last week , their US counterpart is now following suit.

The world's two most important central banks are attempting to counteract the continuing rise in inflation by significantly increasing interest rates.

However, Fed Chair Jerome Powell is increasingly in a bind. If Powell raises interest rates too much, there is a risk that the US economy will be increasingly affected, in addition to the US dollar continuing to be strong.

According to the current quarterly reports from Microsoft and Alphabet published Tuesday evening, both companies see increasing sales difficulties for their products and services caused by a strong US dollar.

Furthermore, the real estate market in the USA, which has so far largely been spared the current economic downturn, is at risk of stumbling if the interest rate rises too sharply. Many homeowners may no longer be able to service existing home loans if the interest burden is too high.

You can find out how today's interest rate hike could affect the Bitcoin price and which price levels will be relevant in the short term in the current Bitcoin analysis .

At 8:30 p.m. (CET) the FOMC press conference will follow, in which Fed Chair Powell will have to answer questions from journalists. Powell often gives a more detailed insight into the current economic situation and possible future rate hikes.

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