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Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession
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Stubbornly high inflation and tight labor markets led Federal Reserve officials to signal they could raise interest rates at their next meeting despite a greater likelihood of a recession later this year.
The fallout from the failures of two midsize banks led Fed officials to consider skipping a rate increase at their meeting last month, but they concluded regulators had calmed stresses enough to justify a quarter-point rate rise, according to minutes of the March 21-22 gathering released Wednesday.
Read more on wsj.comAbout this in other media
Fed to raise interest rate again amid core inflation pressure theguardian.com /1 year ago
Fed Should Pause Rate Increases After This Week, Former Vice Chair Says wsj.com /1 year ago
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