The U.S. economy is "not out of the woods yet," said Dallas Fed President Robert Kaplan.
US March inflation beat expectations, but Fed likely to remain unmoved. Bitcoin traders continue to hedge.
Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.
Analysts expect higher inflation ahead of U.S. March CPI report despite Fed's wait and see approach.
Bitcoin outshines gold as inflation expectations rise.
"Nothing like this has ever happened before," says economist Ian Shepherdson.
The question is whether Powell will allow bond yields to keep rising or if the Fed will step in to ward off any unwanted market reaction.
It's a sign of the times how dramatically the vaccine has changed the market landscape, a year after the coronavirus pandemic initially wreaked havoc on the global economy.
Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.
A $69 million NFT could end up being a mere pixel in a billion-dollar industry for digital assets.
The overall program's size was left intact, along with the March 2022 end date, but the pace of stimulus is now set to increase.
The measure may contribute to temporary inflation during the summer, economists say.
The 12-month rate represents an acceleration from January's 1.4% clip, a pickup partly driven by higher gasoline price.
Contrary to popular opinion, ether’s unlimited coin supply does not disqualify its use case as a store of value.
Higher U.S. inflation expected to be revealed today is both good and bad news for bitcoin prices.