Financial Institutions Are Still Betting on Crypto—Even After Getting Rekt in 2022

tweet at 1:14pm: POWELL: IF CONTINUE TO GET STRONG LABOR MARKET REPORTS, OR HIGHER INFLATION REPORTS, MAY NEED TO HIKE RATES MORE THAN IS PRICED IN tweet at 1:17pm: FED'S POWELL Q&A/ECW: REPEATS, HAVE A SIGNIFICANT PERIOD OF TIME BEFORE INFLATION DECLINES TO TARGET VS MKT VIEW THAT IT'S GOING TO HAPPEN FAST #Powell #federalreserve tweet at 1:18pm: Fed's Powell: - Will Need to Do More Rate Increases, Then Look Around and See if It's Enough - Price Stability is "Enormously Beneficial" to the Public, Allows Sustainably Strong Labor Mkt - Recently Immigration Has Turned Up Again, May Mean Somewhat Less Pressure in Labor Mkts tweet at 1:19pm: POWELL: EXCHANGE RATE POLICY RESTS WITH TREASURY, NOT THE FED - https://t.co/wXVagA44VK

tweet at 1:02pm: FED'S POWELL: WE NEED TO BE PATIENT, NOT SEEING DISINFLATION IN SERVICES SECTOR. tweet at 1:03pm: POWELL: U.S. IS ON AN UNSUSTAINABLE FISCAL PATH, THAT WILL NEED TO BE ADDRESSED tweet at 1:06pm: Fed’s Powell: - U.S. "Just at the Beginning" of the Disinflation Process -Not Seeing Disinflation in Housing Yet, but Expect That to Happen in the 2H of This Year -Worry Most About When Disinflation Will Take Hold in the Larger Services Sector, Also Concerned About Outside Events tweet at 1:12pm: Fed's Powell: - Reopening Of China, Ukraine War Affect Inflation Path - Fed Wants to Be Transparent, Not Surprise Markets by Decisions - To Get Inflation Down, Most Analysts Would Say Need Some Softening in Labor Market Conditions tweet at 1:13pm: Fed's Powell: - This Cycle May Be Different; Labor Market Remains Strong While Wages Are Moderating - Likely to See Some Softening in Labor Market Conditions - Wage Increases Have Come Down to a Level That's Closer to Sustainable