{"id":71475,"date":"2022-12-14T23:43:41","date_gmt":"2022-12-14T21:43:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71475"},"modified":"2025-09-08T09:05:44","modified_gmt":"2025-09-08T06:05:44","slug":"bitcoin-slips-below-18000-as-fed-raises-rates","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-18000-as-fed-raises-rates\/","title":{"rendered":"Bitcoin slips below $18,000 as Fed raises rates"},"content":{"rendered":"

On Wednesday, December 14, the Federal Reserve raised the target range for the federal funds rate by 50 basis points\u2014to 4.25-4.50% per year. The move marks the highest level since 2007.<\/p>\n

<\/p>\n

The decision was broadly expected by market participants and was the seventh rate move this year. The Fed has slowed the pace of increases\u2014after four consecutive 75\u2011basis-point hikes.<\/p>\n

Bitcoin price reacted with volatility and slipped below the $18,000 level.<\/p>\n

\"Btcusdt_2022-12-14_22-15-56\"
Hourly chart of BTC\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In the Fed’s press release, the central bank notes heightened attention to inflation risks, despite modest growth in spending and production, and a relatively low unemployment rate.<\/p>\n

The main drivers of inflation remain demand-supply imbalances, as well as higher costs of food and energy.<\/p>\n

\"Fed-rate\"
Inflation and Fed rate dynamics. Data: federalreserve.org, bls.gov.org, The Block<\/a>.
<\/figcaption><\/figure>\n

Over the long run, the Fed aims for full employment and a 2% inflation target. Earlier in November, the Fed raised<\/a> the target range by 75 basis points\u2014to 3.75-4% per year. Bitcoin’s price reacted with only a modest decline.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram \u2014 updates on cryptocurrencies, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fed raised the target range for the federal funds rate by 50 basis points\u2014to 4.25-4.50%.<\/p>\n","protected":false},"author":1,"featured_media":71476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1224,26],"class_list":["post-71475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-macroeconomics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71475"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71475\/revisions"}],"predecessor-version":[{"id":71477,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71475\/revisions\/71477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71476"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}