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Bitcoin Stabilizes Just Below $100,000 After Short-Lived Dive

(Bloomberg) -- Bitcoin stabilized just below the $100,000 level it topped for the first time this week after briefly diving almost 7% earlier in the day, underscoring rising volatility following the past month’s rally. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe digital asset fell as low as $92,144 before rebou

Fed's Bowman, worried by inflation, calls for caution on rate cuts

Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on central bank rate cuts. “I continue to see greater risks to the price stability side of our mandate, especially when the labor market continues to be near full employment,” Bowman said at an appearance before the Missouri Bankers Association Executive Management Conference. Bowman, whose comments centered mainly on banking issues, spoke after the releases of data detailing the performance of the job market during November.