First Mover: As Markets Turn Ugly, Bitcoiners Thank Secular Trend
At start of October, bitcoin analysts were bullish, but few would have guessed the cryptocurrency's price could double by the end of 2020.
The CPI for February probably rose 1.7%, accelerating from the January pace of 1.4%, based on economists' projections.
Treasury yields are up with job numbers topping economist expectations. What does it mean for high-risk assets like bitcoin?
The 12-month rate represents an acceleration from January's 1.4% clip, a pickup partly driven by higher gasoline price.
The comments came after reports the White House was considering reducing the size of its proposed stimulus package.
The report will likely influence negotiations over U.S. President Biden’s $1.9 trillion stimulus package over the coming weeks.
The Federal Reserve said Thursday said it would hold U.S. interest rates at their current level, close to zero, and added qualitative criteria to govern how long it will keep up its $120-a-month bond-buying program.