FOMC Minutes Show Staff Expect ‘Mild Recession’, All Members Backed Continued QT, 25bps Hike

Summary (via Newsquawk): March Meeting Several participants noted they considered whether it would be appropriate to leave rates unchanged at this meeting. However these participants noted actions taken helped calm conditions and lower near-term risks, allowing them to judge an increase as appropriate. Prior to banking stresses many had seen the appropriate policy path as […] Source