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Technology / 2 years ago
The Fed Raises Interest Rates: Crypto Regulations in the Works and Stephen 'tWitch' Boss Passes Away as GM Recalls Vehicles
The Federal Reserve has raised its key interest rate, crypto regulations are in the works, and Stephen 'tWitch' Boss has passed away as GM recalls over a million vehicles - stay informed with the latest news.
The Federal Reserve has raised its key interest rate for the seventh time this year, in a move that reinforces its commitment to fighting inflation. The rate was raised by a quarter of a percentage point, a smaller hike than the Fed had made in its past four meetings. This comes at a time when inflation is showing signs of easing. In other news, it appears that crypto regulations are in the works as the U.S. Treasury Department has asked for public comment on how to regulate digital currencies. The Treasury Department is asking for feedback on how to prevent money laundering and terrorist financing using digital currencies. In entertainment news, actor and dancer Stephen "tWitch" Boss has passed away at the age of 41. Boss was best known for his work on the Ellen DeGeneres Show and for his role as the host of The Ellen Show's "tWitch and Allison" segment. Finally, General Motors has recalled more than a million vehicles due to a potential airbag issue. The recall affects vehicles from model years 2014 to 2018 and covers a wide range of GM models. Owners of affected vehicles are urged to contact their local GM dealership for more information.
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Original title: Fed raises key rate; crypto may see new regulations; Stephen 'tWitch' Boss dies; GM recalls vehicles | Hot off the Wire podcast

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