🔴 Fed Minutes: All participants at the Fed's March 18th-19th meeting viewed it appropriate to keep interest rates unchanged in light of elevated uncertainty around the economic outlook.
Fed Minutes: Participants remarked uncertainty about the net effect of government policies on the outlook was high, making it appropriate to take a cautious approach.
Fed Minutes: A majority of participants noted potential for inflationary effects from various factors to be more persistent than they projected.
🔴 Fed Minutes: Almost all participants viewed risk to inflation as tilted to the upside and risks to employment as tilted to the downside.
Fed Minutes: Participants assessed FOMC was well positioned to wait for more clarity on the outlook.
Fed Minutes: Participants remarked that uncertainty about the net effect of government policies on the outlook was high, making it appropriate to take a cautious approach.
Fed Minutes: Almost all participants supported the slowing pace of balance sheet runoff. Several did not see a compelling case for a slower runoff pace.
🔴 Fed Minutes: Several participants emphasized that elevated inflation could prove to be more persistent than expected.
🔴 Fed Minutes: Some participants observed FOMC may face difficult trade-offs if inflation proved more persistent while the outlook for growth and employment weakened.
Fed Minutes: Participants assessed the FOMC was well-positioned to wait for more clarity on the outlook.
🔴 Fed staff projection for real GDP growth was weaker than the one prepared for the January meeting.
Trump Trade Adviser Navarro: We've got the bond market behaving well now.