Join Our 800,000+ Community

Get Ember

more posts

March 19, 2022

Fed raised rates

As expected, the Federal Reserve announced a formal rate hike, the first since 2018, raising rates by 0.25% and in line with expectations on Wall Street. The rate hike was approved by a vote of 8-1 with the one dissenting vote calling for a 0.5% rate hike. US saw 7.9% inflation in February, the highest since January 1982. The inflationary environment has worsened by the war in Ukraine that has led to a spike in commodities prices, and general supply chain issues that have been a side-effect of COVID. In general, the Fed commented on a planned 6 rate hikes over the course of the next few quarters. The Fed expects inflation to cool to 4.3% by the end of the year, but well above the target rate of 2.3%.

There was no immediate impact on the crypto market with Bitcoin and Ethereum holding steady.

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 

Don't miss out on our latest posts

March 20, 2023

Two New Tournaments This Week

Two new portfolio tournaments have arrived! Check the roster for more details.

March 17, 2023

Community Vote: F1 Racing & Barcelona vs Real Madrid

This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.

March 15, 2023

New Tournaments: F1 Racing & Barcelona vs Real Madrid 🏆

Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.

Download Ember Fund