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The Federal Reserve’s March meeting minutes revealed that a majority of participants believe the process of inflation returning to 2% may be slower than previously anticipated, and the risk of persistently elevated inflation has increased. Rising oil prices stemming from tensions in the Middle East were viewed as potentially fueling inflation, heightening economic uncertainty, and posing downside risks. Regarding the policy path, an increasing number of participants see sufficient justification for adopting a “two-way” formulation—namely, raising rates remains possible if inflation does not clearly decline, while rate cuts may become necessary should the economy or labor market weaken. Some participants have further pushed back their expectations for the timing of rate cuts.
According to documents disclosed on April 7, 2026, by the U.S. District Court for the Central District of California, Yuga Labs and defendants Ryder Ripps and Jeremy Cahen have reached a settlement agreement resolving all claims in Case No. 2:22-cv-04355. The case originated in 2022, when Yuga Labs alleged that the two defendants had issued counterfeit “RR/BAYC” NFT collections mimicking the Bored Ape Yacht Club (BAYC), constituting trademark infringement. The parties will shortly file with the court a proposed consent injunction—a condition of the settlement—marking the formal conclusion of the case.