new York With the publication of the minutes of the last Fed meeting in mid-March, the mood on Wall Street has clouded over. Accordingly, at the March meeting, some US monetary authorities were concerned about the latest banking problems. “It is clear from the minutes that the Fed remains concerned about the banking crisis and high prices,” Greg Bassuk, head of AXS Investments, said.
The leading indices Dow Jones and S&P 500 were 0.1 and 0.4 percent lower. The losses in the Nasdaq tech index were even greater, down 0.9 percent.
The Fed expects a “mild recession” over the course of the year, the minutes say. Due to the recent turbulence on the markets, some of the monetary watchdogs considered an interest rate pause in March.
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