FEDERAL RESERVE RAISED INTEREST RATE AGAIN

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The federal reserve just raised the interest rate again by another 0.75%. No big surprises because that is what everybody is expecting. The fed chairman also said the ultimate level of the rate will be higher than previously expected. The big question is, how long will this rate hike continue? We don't know for sure because we are given the details. We should be prepared for high rate than previously expected.

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The fed chairman also said that the time to slow the rate will come as soon as the next meeting on December 16th and it is likely to reduce to 0.5% at the next fed meeting. Of course, that is what we have all been expecting and I think the crypto market will react positively if that happens. That will require inflation to keep going down so let's just hope that happens or not.

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You should know that the big story in the world of crypto is Dogecoin. Of course, the World's richest man Elon Musk posting a picture Shiba Inu dog in a Twitter shirt left people wondering whether dogecoin payment is coming to Twitter. Nobody can tell for sure whether dogecoin payment is coming to Twitter or not, Elon Musk does like to troll everybody. Soon as Elon Musk took over Twitter huge rally of dogecoin came and it was the kind of rally that was very spectacular because have a downtrend that has been in place since May last year.

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Some people may say that when we see dogecoin pumping, it will lead to huge altcoins season but I am not sure if that will occur. Most of the time, when we see Bitcoin rally Ethereum rally dogecoin rally, and also the other altcoin market.

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