President-elect Joe Biden's proposal to spent another $1.9 trillion to help fight the pandemic and its shocks is putting Wall Street on inflation-watch. But investors say the U.S. economy and financial markets would be worse off without it.
Powell, speaking on a livestreamed event, said interest rates will be raised "no time soon" and there will be plenty of notice "well in advance of active consideration."
Is Bitcoin The Mother-Of-All-Bubbles ? What Investors Say Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble.
Updated: January 12, 2021 11:32 am IST
Bitcoin fell as much as 20 per cent Monday, and was down 16 per cent to $33,440 as of 4 p.m. in New York.
While little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become and why it s vulnerable to swoons like Monday s.