FOMC Minutes Paint Bleak Picture (Trading Economics)


“The coronavirus pandemic brought an extraordinary amount of uncertainty and considerable risk to the economy in the medium term, FOMC minutes from meeting held on April 28-29 showed…The minutes offered a glum outlook on the coronavirus later this year, saying a second wave of the coronavirus outbreak with another round of strict restrictions could drag the US economy deeper in recession, prompting a jump in unemployment and renewed downward pressure on inflation.”

Source: Trading Economics

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