The Feds Ambiguous Guidance
The FOMC released the minutes from Chair Warsh's first meeting on Wednesday, and the best word to describe the Fed's advice is "ambiguous." Merriam-Webster defines ambiguous as a state or, in this case, a statement that allows for more than one interpretation. Officials entertained policy scenarios in both hawkish and dovish ways.  Some see inflation easing enough to allow rate cuts, while others envision sustained price increases that would require rate hikes. Warsh billed the ambiguous internal debate as a "family fight" that ended with a unanimous vote to hold. The statement doesn't…
The skinny
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