New York Fed President John Williams spoke at the University of Buffalo and said that “price stability is foundational for the economy,” adding that “determining how restrictive monetary policy is, is hard.”
Bitcoin (BTC) reclaims $84,000 at the time of writing on Tuesday following mild losses the previous day. Continued institutional and corporate demand, along with smaller profit-taking activity on Monday, could ease selling pressure and support Crypto King’s recovery.
ING’s Francesco Pesole notes fading optimism on US–Iran talks and rising Oil prices are reinforcing support for the Dollar, with Brent near $107 and equities at risk from rapidly rising rates. He sees upcoming US consumer confidence and JOLTS data as key for Dollar direction.