A majority of the Federal Reserve officials at the March 20-ending meeting expected interest rates to be unchanged for the rest of the year, according to the minutes of the Federal Open Market Committee released Wednesday. At the central bank, officials took note that the decline in the unemployment rate, rising wages and new tariffs didn't lead to greater inflation.
See Full Story Fed scaled back interest-rate forecast due to unease about economy, soft inflation, FOMC minutes show The Federal Reserve’s decision in March to cease raising interest rates this year was driven by unease over the U.S. and global economies and surprisingly subdued inflation, according to minutes of the pivotal central bank meeting.
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Source: Loan Digest (loandigest.net)
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