Fed economists still expect ‘mild recession,’ May minutes show

WASHINGTON  -US Federal Reserve economists still expected a “mild recession” at the most recent interest-rate meeting earlier this month, according to minutes of the meeting published Wednesday. The Fed voted to raise interest rates for a 10th consecutive time following the most recent meetings on May 2-3 in order to tackle high inflation, which remains … Continue reading Fed economists still expect ‘mild recession,’ May minutes show