Fed’s Preferred Inflation Gauge Rises Less Than Expected, and Bitcoin Rises

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Bitcoin, along with U.S. stocks and other assets seen as risky, has been moving recently on speculation whether the Federal Reserve might soon let up in its campaign to bring down soaring inflation. The Fed has been tightening monetary policy to cool the economy, in an effort to slow the pace of consumer-price rises – and higher interest rates tend to make risky assets less attractive.



Source link Coin Desk

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