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Divided Fed Holds Rates as Three Dissent

William Attardi on July 30, 2026

The Federal Open Market Committee voted 9-3 Wednesday to keep its benchmark rate at 3.5% to 3.75%, with three members dissenting in favor of an increase over inflation concerns. The split vote drew immediate attention because of what it revealed about the central bank under its new leadership. Reuters characterized the decision as a “hawkish hold” — a pause that leaves the door open to increases at future meetings. Markets reacted sharply. The decision sent bond yields higher and stocks lower before a partial rebound. Investors who had hoped the meeting would clarify the direction of policy under Chair Kevin Warsh came away without a clear answer, and some warned, per Reuters, that mixed messages on rates could unsettle both stocks and bonds in the months ahead. Divided Fed Holds Rates as Three Dissent · The Morning Brief

 

Fed Leaves Key Rate Unchanged

William Attardi on June 22, 2025

The Federal Reserve kept its key rate unchanged Wednesdayas it waits for additional information on how tariffs and other potential disruptions will affect the economy this year. The Fed’s policymakers signaled they still expect to cut rates twice this year, even as they also project that President Donald Trump’s import duties will push inflation higher. The Fed expects the bump to inflation will be temporary, but they want to see more data to be sure. They also expect growth to slow and unemployment to edge up.  Fed Leaves Key Rate Unchanged – tEDmag

The Creator of Baby Ruth Actually Sued Babe Ruth –The Baby Ruth candy bar was created by the Curtiss Candy Company in 1920 — the same year that baseball legend Babe Ruth hit a then-record 54 home runs. But the Great Bambino was irked that the company was selling a candy bar with such a similar name to his own without offering him any royalties. Rather than take the Curtiss Candy Company to court, the Sultan of Swat decided to make his own candy bar, and in 1926 he debuted Ruth’s Home Run bar. The Curtiss Candy Company responded by turning the tables and taking Ruth to court. They accused the slugger of trying to steal their trademark and capitalize on the success of their brand. In a 1931 deposition, Curtiss founder Otto Schnering insisted the candy was named after “Baby Ruth” Cleveland — the daughter of President Grover Cleveland.  He also attested that the company came up with the name in 1919 before the baseball player had become a household name and that the name was merely coincidental. While the validity of those claims is disputed to this day, the court nonetheless ruled in favor of the candy company, forcing Ruth to end his foray into the world of candy.