First Mover Americas: Crypto Winter Brings More Layoffs as BofA Sees Deep Freeze Avoided

U.S. Federal Reserve Chair Jerome Powell signaled softened stance on rate increases. Powell said the agency’s commitment to reining in inflation was “unconditional” Powell said he expects economic growth to pick up in the second half of the year after a sluggish start to the year. Powell: Inflation is now at a 40-year high, and the agency's commitment to rein in inflation is ‘unconditionally” to keep it from hitting the top 40 years of its rate hikes. The market has rallied over the past week after Powell signaled a softer stance on the rate increases in the U.K. Fed chief said he would not raise the pace of interest rate hikes in the coming months. The markets have rallied Source