Cryptocurrency values took a nosedive in Asian markets today but quickly bounced back. It seems tensions between countries have eased, with no plans for further conflict. Cryptocurrencies, affected by stray rockets, are returning to their previous prices.

Federal Reserve's Statements on April 19:

The economy isn't doing so well, according to the latest inflation and employment numbers. Talks of lowering interest rates have been pushed back to September. Fed member Goolsbee suggests waiting for more clarity before making any moves. He notes that progress on inflation has slowed, and there's no evidence of an overheated job market. Goolsbee sees more potential for inflation in services rather than a rise in the labor force. Housing inflation remains a short-term concern. He remains hopeful about inflation improving in the future, with Fed policy depending on upcoming data. The Fed's current approach is considered appropriate, but challenges lie ahead for 2024. While employment rates have improved, reaching the 2% inflation target might take longer. Goolsbee emphasizes the need to balance inflation and employment concerns. The Fed continues to monitor productivity trends and its impact on the economy.

In conclusion, the cryptocurrency market experienced a turbulent day but managed to recover. Meanwhile, the Fed remains cautious, awaiting further economic data before making any significant policy changes.