The price of bitcoin reacted positively to the increase in the key rate

On Wednesday, February 1, the US Federal Reserve System (FRS) raised key rate range by 25 basis points, up to 4.5% -4.75% per annum. This is the eighth consecutive increase in the base rate, which is now at the highest level since 2007. However, such a “soft” increase in the indicator was the first since March 2022, when the Fed began to tighten monetary policy. Dynamics of the FRS key rate. Data: macrotrends. The Fed noted that the latest figures received by the regulator “indicate moderate growth in spending and production.” According to the agency, the number of jobs increased