FOMC meeting minutes for March FOMC. A couple on Fed saw 1/4 point hike appropriate in March.
Below is the link to the FOMC meeiting Minutes
CLICK HERE for MEETING MINUTES
Headlines:
- FOMC saw global conditions posing risks to US Outlook
- Global economy, financial data are relevant for policy.
- FOMC noted, weak global growth could further boost US dollar
- MANYon FOMC saw bigger global risks warranting policy caution
- George said postponing rate hike could undermine Feds goals
- many on FOMC said prudent to wait before next tightening step
- FOMC saw further strengthening of the labor market and housing.
- Fed. saw economy expanding moderately despite global headwinds.
- Fed. saw economy broadly in line with earlier expectations.
- Several on FOMC saw world disinflation as downside price risk.
- FOMC generally agreed US been resilient amid global events.
- Two on FOMC saw quarter-point hike as appropriate in March. They cited US economic strength despite developments abroad
- Several on FOMC argued against April high as some favored it
- Business investmenti seem likely to remain sluggish
- some policymakers saw firming trend inflation. Other views increase as unlikely to be sustained
- many noted fed had little room to ease monetary policy if economic activity or inflation weakened
- While two fear to gradual a tightening could result in need to raise rates quickly later