Tag: FOMC

Federal Reserve Economists Still Expect a Recession Later This Year, FOMC Minutes Show

Federal Reserve economists still expect a recession starting later this year, according to minutes from the June Federal Open Market Committee (FOMC) policy meetings. The economic forecast put together by staff at the policy meeting “continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions” would trigger a “mild recession” ...

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