The Fed Just Told Us the Truth (If You Know How to Read Between the Lines) I’ve been doing this a long time, and when central bankers start using phrases like “two-sided risks” and “nimble policy response,” what they’re really saying is simple: “We don’t know what’s coming next.” That’s exactly what came out of the latest FOMC minutes. For the first time in a while, the Fed is openly admitting that rate hikes are back on the table—just as likely as cuts. That’s not normal. That’s not stability. That’s a system under pressure. And the reason? A dangerous mix of: Rising energy prices due to the Middle East conflict Persistent inflation that refuses to cool A weakening global economic…
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