Federal Reserve predicts 'mild recession' in minutes of March meeting

will cause a"mild recession" later this year, according to minutes of the Fed's March meeting.

That forecast has led Fed officials to envision fewer interest-rate increases this year, out of concern that banks will reduce their lending and weaken the economy. The uncertainty in the banking sector also helped Fed officials coalesce around their decision to raise their key interest rate by just 0.

Some other officials said they had favored a half-point hike last month because hiring, consumer spending, and inflation data still pointed to a hot economy. But given the uncertainty resulting from the banking troubles, they"judged it prudent" to implement a smaller quarter-point increase.latest update on inflation

, which is still well above the Federal Reserve's comfort level. The S&P 500 lost 15 points, or 0.4%, to close at 4,093 after bouncing between small gains and losses throughout the day. The Nasdaq composite slid 0.9% and the Dow also fell.

We knew a serious recession was/is coming way before the collapse of several banks. Calling it a 'mild recession' is an understatement.

Your so-called experts are liars! The collapse of those banks isn't the cause of the recession. The skyrocketing inflation this administration created through over spending taxpayer money and then raising interest rates to have the taxpayers correct the mistakes they made is why

People know what's up. They feel it in their wallets. The question is, when will the center swing votes decide it is enough.

I've been hearing a recession is coming for over a year and a half now. How far are they going to move that goalposts? I mean, if you just keep predicting a recession, you'll eventually be correct. 🙄

A mild recession after we’re already in one? Leads you to believe that they are hiding the truth from the public. Yeah, I know the Biden administration wants us to believe that we’re not currently experiencing a recession, but all you have to do is look around.

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