Everyday Economics: History Doesn't Repeat, but the Fed Is Hearing an Echo

Everyday Economics: History doesn't repeat, but the Fed Is hearing an echo

(The Center Square) – Read this week's Fed minutes carefully and you'll hear 1970s.The Fed has stopped debating when to cut. Now it's debating whether to hold higher for longer — or hike again. A majority of officials said firming…

Fed minutes turn Bitcoin’s rate-cut trade into a hike-risk problem

The Federal Reserve's April meeting minutes, released Wednesday, failed to bring the good news Bitcoin traders had been hoping for most of the year. The majority of policymakers said some degree of policy tightening would likely become appropriate if inflation stayed persistently above the central bank's 2% target, the opposite of the rate cuts markets had been counting on. The committee held its benchmark rate steady at 3.50% to 3.75%, but four…