Federal Reserve Keeps Rates Near Zero, Maintains Asset Purchases, Sees Inflation as ‘Transitory’
The Federal Reserve kept monetary policy unchanged and sees inflation as temporary, which is closely watched by bitcoin investors.
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
Elon Musk's tweets aside, bitcoin remains vulnerable to rising odds of a Fed Reserve rate hike.
Mounting debts and inflation fears could leave central banks hamstrung in the years ahead, leading to the debasement of fiat currencies.
Nearly all major components of the CPI increased in April, a sign that pent-up demand is fueling a rebound in economic mobility.
One of the greatest forex traders in history believes a cryptocurrency is the “most likely” global reserve currency to replace the dollar.