Goldman Sachs: Fed's Economic Forecast Revision Has a Hint of "Stagflation"

On March 20th, based on HTX market data, Bitcoin rose above $86,000 and is currently trading at $86,353.

On March 20th, as per the report by The Block, the analysis firm Global Ledger's report indicates that the operator of the sanctioned Russian cryptocurrency exchange Garantex is said to have launched a new exchange platform named Grinex and transferred customer funds to this platform. Grinex is still functioning in Russia and bears many similarities to Garantex, which was sanctioned by international entities earlier this month. On-chain data reveals that Grinex has processed transactions worth nearly $30 million. Global Ledger stated: "These investigative results suggest that Grinex is not an independent entity but the official successor to Garantex, and despite the official closure of the exchange platform, it continues its financial operations."

On March 20th, on the day of the Fed's interest rate decision, the three major U.S. stock indexes rose collectively. The Dow closed up by 0.9%, the S&P 500 increased by 1.08%, and the Nasdaq rose by 1.4%, partially recouping the gains during Powell's press conference. Tesla (TSLA.O) rose by 4.6%, Apple (AAPL.O) rose by 1.2%, and Nvidia (NVDA.O) rose by 1.8%. (FX678)

On March 20th, Federal Reserve Chairman Powell stated that if the recent two months' commodity inflation data remains strong, it is undoubtedly related to tariffs. If inflation subsides on its own, monetary policy should not be tightened. (Oriental Wealth)

On March 20th, based on HTX market data, Bitcoin rose above $85,000 and is currently trading at $85,145.

On March 20th, following the announcement of the Fed's March interest rate decision, spot gold reached a new high of $3,047 per ounce, with an intraday increase of 0.44%. U.S. stocks continued to show upward fluctuations. The S&P 500 rose by 1%, the Nasdaq rose by 1.47%, and the Dow rose by 0.77%.