Roundup: Interest Rates & Declining BTC Balances on Exchanges
Dylan LeClair | Guest Contributor
Jul 27, 2023
Hi all,
This is Dylan LeClair, presenting this week’s Onramp Weekly Roundup.
Before we get started… If you’re a HNWI or Institution looking for the best way to get exposure to bitcoin, Onramp Bitcoin could be the right fit for you – schedule a chat with us to discuss your situation & needs.
And now, here’s the weekly roundup…
Fed Raises Rates to 22 Year High
As anticipated, interest rates were boosted by a quarter point to a range of 5.25% to 5.5%. Despite this increase, Fed Chair Powell insists on a data-dependent approach to future decisions rather than adhering to a fixed rate-raising schedule. The next two jobs reports and consumer price reports will play a critical role in shaping the September meeting’s decisions.




