Inflation reports unveiled in the week preceding the Fed meeting brought an unwelcome news to investors. Prices pressures surged more than expected in February, creating a headache for Federal Reserve Chair Jerome Powell, who had been pushing for greater confidence regarding the disinflationary trend before contemplating interest rate cuts. Stocks flipped to the red after Thursday’s producer inflation data confirming concerns that emerged two days earlier in the consumer inflation report. As market participants dialed back rate cut bets, risk sentiment faded with crypto and Bitcoin (CRYPTO: BT…