- The Federal Reserve announced an interest rate hike of 0.25%, bringing the new target range to 0.25-0.5%. This decision comes as inflation continues to rise, with the CPI increasing by 0.6% in February.
- The labor market also showed signs of improvement, with jobless claims falling to 214,000 last week, the lowest since 1969. This indicates a strong recovery in the job market as businesses continue to hire.
- In addition to the interest rate hike, the Fed projected two more rate increases by the end of the year. This move is seen as a response to rising inflation and the need to control it to prevent economic instability.
- The stock market responded positively to the news, with the S&P 500 reaching a record high of 4,537.65. Investors welcomed the Fed’s decision to raise rates and expressed confidence in the economy’s ability to withstand higher borrowing costs.
Read more at Nasdaq: Coinbase (COIN) Q4 2025 Earnings Call Transcript
