It’s the million dollar question for economists and investors alike: Is the U.S. headed for a recession this year?
According to yesterday’s Federal Reserve minutes, the answer is: It’s not around the corner. The central bank is likely to hold off on any rate hike or cut this year – though they did not rule out the possibility of a move.
“Several participants noted that their views of the appropriate target range for the federal funds rate could shift in either direction based on incoming data and other developments,’’ according to minutes released Wednesday of the Fed’s March 19-20 meeting.