Interest rate hike in November

In the early morning, the Federal Reserve raised interest rates by 75 basis points as expected. U.S. stocks fell sharply. Nasdaq fell 3.36%. Cryptocurrencies fell slightly. The interest rate meeting was dovish. The market generally expected the last interest rate hike at the end of the year to be 50 basis points. The current interest rate is 3.75 -4%, and it should be 4.35-5% by the end of the year. According to the current trend, interest rate hikes will definitely continue next year. U.S. think tanks generally expect to stop raising interest rates by the second quarter of next year, but this depends on subsequent CPI data and the economy and employment. Condition.