FOMC minutes from the March 17-18 meeting show officials split: many feared the war could weaken the labor market and support lower rates, while several others stressed inflation risks that could require rate increases. The minutes increase uncertainty around the Fed’s rate path and imply markets should price both dovish downside and hawkish upside risks to policy.
FOMC minutes from the March 17-18 meeting show officials split: many feared the war could weaken the labor market and support lower rates, while several others stressed inflation risks that could require rate increases. The minutes increase uncertainty around the Fed’s rate path and imply markets should price both dovish downside and hawkish upside risks to policy.
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