While global stocks struggled in the minutes from the Federal Reserve's last policy meeting, the digital asset market appeared calm. The US dollar reportedly declined as US inflation seems to be softening over the Fed's rate hike cycle ending signals, but Bitcoin continues to print green indexes. Euro registered a 2-½ month high at $1.10, and blue-chip stocks hit a two-decade high. However, investors should be cautious as the US central bank may weigh in to hike rates. Wall Street and European stocks rallied after data suggested cooler-than-expected inflation in March, suggesting that the Fed could halt monetary hardship with a 25 Basis point rate spike in May. The next meeting of policymakers is scheduled around May 2-3.
(By Ashish Kumar)
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