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all right welcome to talking investing I am Tom and as always this is not Financial advice the fomc just had their meeting Jerome Powell just had his press conference at two oclock the FED announced a 0.25 or 25 basis point rate hike that is what everybody expected if youve been watching this channel we have been steadfast in saying that the Fed was going to do 25 basis points and that they really had very little option to do anything other than that so the main thing that we were going to be looking for is what is the language that they used after that in the press conference and was that going to move the market so this turned out to be a gigantic sell the news all of the equity markets tanked Bitcoin was down about two thousand dollars in the last hour and a half of trading of the day so that was a big big drop off and then if you see the big board here the Bitcoin miners are red from top to bottom so and quite a bit red bit Farms was down 12 percent hot 12 and a half percent Riot