How Markets Are Interpreting the Fed’s First Hike Since 2018

<em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_mar22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.amazon.com/stores/page/4916F3EC-38E9-4873-9427-0A1375D7D96F"> <em><span style="font-weight: 400;">Arculus</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">. </span></em> <p><span style="font-weight: 400;">Wednesday, the U.S. Federal Reserve increased its benchmark interest rate for the first time since 2018. This came despite an increasingly volatile economic landscape that includes the fallout from Russia’s invasion of Ukraine plus the supply chain impacts of COVID-19 shutdowns in China. NLW breaks down the market’s reaction to the anticipated hike, and explores how quantitative tightening is likely to proceed from here.</span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><em><span style="font-weight: 400;">Take your crypto to the next level with</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_mar22"> <strong><em>Nexo</em></strong></a><em><span style= "font-weight: 400;">. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_mar22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">to receive up to a $100 welcome bonus. Valid through March 31.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.amazon.com/stores/page/4916F3EC-38E9-4873-9427-0A1375D7D96F"> <strong><em>Arculus</em></st