* Fed Chairman Powell says inflation has been higher he expected
* Is the Fed courting higher-inflation risk again? Yes, says economist
* US household debt rises to record, highlighting financial pressure on families
* Copper rises to record high
* BlackRock on track to run world’s largest bitcoin fund
* US wholesale inflation rises more than forecast in April:

The tech-heavy Nasdaq Composite Index closed at a record high on Tuesday, May 14. “The market is getting more comfortable with higher-for-longer rates. The real question has been lately if a hike is a possibility and Powell’s reiterating that it’s not on the table right now,” says Lindsey Bell, chief strategist, 248 ventures.