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Goolsbee, a voting member of Fed's rate-setting committee this year, told the FT that if markets start factoring higher inflation then he would view that as "a major red flag area of concern" for policymaking decisions. Fed policymakers left the central bank's benchmark interest rate in the 4.25%-4.50% range earlier in March and signaled they still expect to lower it at some point later this year. Fed Chair Jerome Powell later said that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the economy quickly.

Bitcoin investors are closely watching the upcoming U.S. Personal Consumption Expenditures (PCE) inflation report set for release on March 28.

HOUSTON (Reuters) -Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. U.S. crude stocks, gasoline and distillate inventories fell last week, the U.S. Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, a deeper draw than the 956,000 barrels that analysts had expected in a Reuters poll.

Only about 34% of renters see the probability of owning a home, as a New York Federal Reserve survey showed homeownership is becoming increasingly out of reach for renters.

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(Reuters) -Loading of Venezuela's heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation's oil and producer Chevron began reducing its tanker fleet there, according to shipping data and a document seen on Tuesday. On Monday, U.S. President Donald Trump's administration published an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S. starting in early April. Washington also extended until May 27 a deadline for Chevron to wind down operations in Venezuela.

Earlier this week, Wood issued a major bull call on Tesla, expecting its stock to rise roughly 10 times over the next five years.