The FOMC minutes have shown that the Fed still supports more rate cuts if inflation trends downwards to their 2% inflation target. However, some Fed officials indicated that they might support a rate hike if inflation rises or continues to remain well above their target.
FOMC Minutes Signal Fed Largely Divided Over Rate Cuts, Bitcoin Falls
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Federal Reserve FOMC minutes released show policymakers divided on future rate policy; some officials support additional rate cuts if inflation trends toward the 2% target, while others said they would back a rate increase if inflation rises or remains well above target. Bitcoin (BTC) falls on the minutes' release.
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