Fed Minutes Show Officials Aren't Ruling Out More Hikes

What was the general sentiment among officials during the FOMC meeting?

• Disagreement on all fronts

• Complete agreement on all issues

• Unanimity on voting but drama behind the scenes

• No significant discussions

What did the FOMC meeting minutes reveal about the participants' views on interest rates?

• All participants wanted to lower the rates

• Almost all participants supported a rate hike

• Participants were undecided about the rates

• Most participants wanted to keep rates unchanged

What is the Fed's current stance on inflation according to the meeting minutes?

• Inflation is no longer a concern

• Inflation is below the target

• Inflation is expected to decrease rapidly

• Significant upside risks to inflation remain

What did Chairman Powell indicate about the possibility of a recession?

• A recession is imminent

• Recession concerns have increased

• The Fed staff no longer expects a recession this year

• A recession is expected by the end of the year

What are the Fed's expectations for GDP growth in 2024 and 2025?

• GDP growth will be below potential output

• GDP growth will match potential output

• GDP growth will remain unchanged

• GDP growth will exceed potential output