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Bitcoin Falls 7% as Russia Invades Ukraine; Experts Say Fed U-Turn on Rate Hikes Unlikely

It's a Catch-22 situation for the Fed, with geopolitical uncertainty posing risks to financial market stability and oil's move above $100 likely to bolster inflation.

U.S. Federal Reserve Chairman Jerome Powell. (Photo by Brendan Smialowski-Pool/Getty Images)
U.S. Federal Reserve Chairman Jerome Powell. (Photo by Brendan Smialowski-Pool/Getty Images)