FOMC Minutes: Fed Sees "No Recession In 2023"; Bitcoin Rally
Also Read: Ex-SEC Chief Predicts Compromise as Binance Goes Toe to Toe With SEC advertisement Also, the staff opined that inflation pressure could give further adverse shocks to supply conditions in the United States . More importantly, the FOMC minutes report shoed that the officials believe there will not be a recession in 2023. Does this mean the US central bank will not raise interest rates in the next few meetings? It is so as per data from CME FedWatch Tool, which tracks market participants’ take on the US Fed’s target rate probabilities in the September 2023 meeting. Inflation Concerns A section of the Fed staff expect that tighter financial conditions could cause sharper slowdown than anticipated. They also noted that monetary policy tightening appeared to be working broadly as intended, whereas the current inflation remains to be well above the 2% target. On the positive side, the Fed stated that softening in core goods prices a...