Federal Reserve officials' confidence in disinflation was not bolstered by recent data in March meeting minutes.
Federal Reserve officials' confidence in disinflation has not been bolstered by recent data, minutes from their March meeting show. The central bank left interest rates unchanged at 5.25-5.50% despite high inflation readings and participants expressed uncertainty about the persistence of high inflation. Recent data did not increase their confidence that inflation was moving sustainably down to the 2% target. The minutes also reveal that risks around the inflation forecast are tilted slightly to the upside.
April 10, 2024
42 Articles