Shiba Memu (Shhmu) defies gravity because the restrictive nervousness of the Fed continues

• The Federal Reserve decided to leave the interest rates unchanged.

• She also signaled that she will make another interest rate increase later this year.

• Shiba Memu defied gravity and collected over $ 3.1 million.

stocks and cryptocurrencies came under great pressure this week because the Federal Reserve pointed out higher interest rates in the coming months. The Dow Jones, the Nasdaq 100 and the S&P 500 slipped four days in a row. Similarly, Bitcoin fell to $ 26,000 and was therefore below the monthly high of almost $ 28,000.

decision of the Federal Reserve

The main catalyst for the performance of stocks, cryptocurrencies and bonds was the latest interest decision by the Federal Reserve. In it, the bank decided to leave the interest rates unchanged between 3.50 % and 3.25 %. At the same time, the committee indicated that it was still concerned about inflation.

As a result, the point diagram indicated a further increase of 0.25 % by the end of the year. In this case, interest rates will reach their maximum of 5.75 %, the highest level in more than 23 years. The Fed is right if it is concerned about inflation.

Current data show that the crude oil price has increased further. Brent, the international benchmark, rose to $ 95 and most analysts believe that it is only a matter of time until it reaches $ 100.

The prices for other agricultural raw materials also increase. The number of live cattle has increased by 20 % this year and has been up to date since the start of the records. The cocoa cultivation, which is used to produce chocolate, has risen sharply due to the low yields in Ghana and the Ivory Coast. Orange juice has also risen sharply.

Therefore there is the probability that the Federal Reserve will further increase interest rates in the coming months. In addition, the UAW workers go on strike while there is a long traffic jam on the Panama Canal.

Shiba Memu flourishes despite risks

Through the measures of the FED, there is a risk that the American economy will fall into a recession. On the one hand, the M2 money supply has dropped by more than $ 2 trillion in the past few months. The failure rates have also risen on a sudden, while the mortgage interests are almost 8 %.

Nevertheless, investors are still interested in Shiba Memu, the upcoming meme coin with some AI functions. Data on his website (Use this link ) collected. It is one of the biggest winners of this year

First of all, Shiba Memu aims to be a better version of Shiba Inu, the huge meme coin. This is achieved by the inclusion Ki functions This will help him with self-marketing. Therefore, Shiba Memu will probably be a larger business than other meme coins such as Dogelon Mars and Pepe, which have no great benefit.