FOMC Minutes March 20-21st Meeting
Increased concerns from weaker business expectations, tight labor markets along with low productivity growth Inflation risk remains the predominant concern Fed rates will remain steady at 5.25% Greater uncertainty from downside risks to growth and upside to inflation In the intermeeting period the outlook deteriorated for both growth and inflation. The staff forecast marked down Q107 GDP growth in response to weaker-than-expected business spending and federal defense purchases. Economic
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