During the highly-expected Federal Reserve meeting on Wednesday Afternoon, Chair Jerome Powell confirmed that inflation was set to continue for the dollar, perhaps even more than previously expected.
Inflation Set to Continue
Good news for the crypto markets came out of the latest Federal Reserve meeting as Federal Reserve Chair Jerome Powell confirmed that inflation could turn out the be higher and more persistent than expected. However, the Fed still expects to be able to curb that number back down to their 2% objective.