Stocks Hit Records, Bitcoin Rebounds as Fed Plans Rate Hikes to Curb Inflation

Stocks rallied to record highs after the Fed kept rates unchanged in March and projected 3 hikes later this year to fight inflation
Reddit priced its IPO at $34 per share, at the high end of its range, ahead of its NYSE debut today
Bitcoin rebounded back above $67,000 after recent slump and outflows from Bitcoin spot ETFs
Fed officials see rates peaking at 4.6% in 2024, suggesting 75 basis points of cuts to fight inflation
Fed aiming for higher-for-longer policy stance to bring inflation back down to 2% target