Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says
Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.
Stagflation
Stagflationary Data Puts Pressure on Bitcoin, Stocks Early in U.S. Day
U.S. GDP turned negative in the first quarter, while prices rose more than forecast; ADP jobs data was the weakest in nearly one year.