Bitcoin, gold and stocks rise after Warsh speech on Fed policy
- —Fed held rates; Warsh said his anti-inflation measures are starting to work
- —Bitcoin rose 0.47%, S&P 500 gained 0.33%, gold climbed 0.78%
- —Two-year Treasury yield dropped roughly 1.5 percentage points
- —Inflation has stayed above 2% for nearly six years, energy prices rising again
Why it matters: Markets are pricing a less hawkish Fed, a tailwind for risk assets including bitcoin ahead of the December meeting.
Source: Newsbit