Warsh Says Near-Term Inflation Expectations Have Risen
Warsh said longer-term measures show households and businesses have confidence the Fed will deliver price stability.
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Warsh said longer-term measures show households and businesses have confidence the Fed will deliver price stability.
Ether dropped 4.4% to as low as $2,572 as elevated Treasury yields weighed on risk appetite. Analysts said weaker institutional demand and recent spot ETF outflows were adding pressure.
The dollar's recent advance could continue if the Fed minutes show broad support for further rate hikes, according to Infinox's Thadeu Dos Santos. A more cautious readout could reverse the move, while Thursday's jobless claims report is also seen as a possible catalyst.