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Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets


  The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)... Read More: Fed Targets Inflation With Expected Half...

Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher


Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what...

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