FOMC Minutes - 2023-04-11

Date: 
Wednesday, April 12, 2023
Summary: 

Now featuring a "word cloud" (see if you can guess which word comes up biggest, and which does not)!

The Fed staff is now officially expecting a "mild recession" later this year. The Committee acknowledged new risks and uncertainties thanks to the banking crisis -- but all that did was keep what was going to be a 50 bp rate hike at only 25 bp.