Hello, welcome to the Babylicious episode of Sleep Money, your guide to the business and finance

news of a week in which the Fed raised interest rates by 75 basis points. I'm Felix

Simon of Axios. I'm here with my colleague Emily Peck. Hello hello?

And also with Elizabeth Spires.

Hello.

And we're going to talk about the Fed.

We're going to talk about what happened.

We're going to talk about those higher rates which seem to have caused

a little bit of a crash in the crypto market.

Don't believe anyone who tells you that crypto is a hedge against inflation.

We certainly learned that ain't the case over the past week or month or few.

So we're going to talk about the crypto crash. last week or month or few.

So we're going to talk about Krakhan,

which is a crypto company in Slate Plus,

in the middle of getting canceled right now.

We are going to talk about Revlon, which filed for bankruptcy this week. It's all coming up in sleet money.

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