Register Now
APP
Blogs > Crypto in a Minute > FOMC’s Final 2022 Rate Hike? >

FOMC’s Final 2022 Rate Hike?

Author: Jeffrey Craig Date: 2022-11-02 01:38:21

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

november-2-daily-update

Main Takeaway: FOMC May Hike Rates & Signal A Pause

Evening US time the Fed will potentially announce the year’s final rate hike. Markets are anticipating that it will be a 75 bps increase. The other week the WSJ put out an article that the Fed was considering a pause in its interest rate hiking schedule in order to take some time to digest the data. Therefore, traders and investors should keep their eyes on Powell’s remarks to see if he signals any language about a pause. This is the main factor that will impact equity and crypto prices for the remaining two months of 2022.

Dogecoin has seen tremendous gains in the past week after Elon Musk took over Twitter and made a tweet with his dog dressed up as a twitter bird, causing the coin to drive up 28% at its highest. However, DOGE has since pulled back to $0.14. What this means is Dogecoin isn’t dead, especially if it becomes the governance token of Twitter one day.

Interestingly, there’s one coin that has gone parabolic d-o-d – and that’s XEN Crypto, a newly released coin this fall 2022. At the moment, it’s up over 200%.

Today

The top five performing coins on Phemex d-o-d are Xen Crypto (XEN/USDT), Polymesh (POLYX/USDT), Dogecoin (DOGE/USDT), Phala Network (PHA/USDT), and Render Network (RNDR/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

What are Crypto Signals and are they helpful?

What are Crypto Signals and are they helpful?

Kenny  |  2023-11-13 02:32:41

DOGE Soars On Twitter Payments Potential

DOGE Soars On Twitter Payments Potential

Jeffrey Craig  |  2022-11-28 04:37:33

MetaMask & Infura’s New Data Policy

MetaMask & Infura’s New Data Policy

Jeffrey Craig  |  2022-11-25 01:09:08

Fed Minutes Sends Conflicting Signals

Fed Minutes Sends Conflicting Signals

Jeffrey Craig  |  2022-11-24 02:27:27

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!

Bonus

Surfing on PT Airdrop Tsunami and Get Ready to Win 1,000,000 PT!

Celebrate the Launching of the Phemex Token on November 30th