Today the Federal Reserve concluded its July FOMC meeting leaving only three remaining meetings this year. As expected, the Federal Reserve raised rates by ¼% taking its terminal benchmark rate to between 5 ¼% and 5 ½%, no surprise there.

ox·y·mo·ron [ˌäksəˈmôrˌän]

NOUN: A figure of speech in which apparently contradictory terms appear in conjunction (e.g. faith unfaithful kept him falsely true):

Members of the Federal Reserve tend to keep their future actions close to their chest revealing little insight as to any upcoming revisions to their aggressive monetary policy that has been in play since March 2022.