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Housing costs were the driver of February's inflation report but some private data suggests rents are starting to cool, likely pushing inflation lower in the months ahead.
Elon Musk Dons a Bitcoin Mining Hat, and Fed Downplays Inflation Risk On 5/25/21 at 2:07 PM EDT Bitcoin seems to have pulled out of its steep nosedive, and behold! The Oracle of SpaceX may be preparing to give his blessing to Bitcoin mining. Bitcoin plunged below $32,000 Sunday following Elon Musk's announcement that Tesla wouldn't accept the cryptocurrency as payment for its electric cars. Then, in a tweet that many misinterpreted, Musk appeared to say that Tesla had sold some of its Bitcoin holdings. It hadn't. Earlier, Musk's announcement that Tesla had invested $1.5 billion in Bitcoin sen...