Speculation Fuels Shiba Inu, Dogecoin to Biggest Seven-Day Gains as Bitcoin Steadies

Federal Reserve Chair Jerome Powell signaled a 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, as previously reported. The Fed has said inflation is now at a 40-year high, but Powell said it was ‘unconditionally’ for inflation, adding that he expects growth to grow in the next half of 2014.Crypto and equity markets have rallied over the past week after the Fed said it would not raise interest rates to keep pace with the pace of the pace in rate hikes in the future of the next few years, according to Powell. Source