Inside the Fed’s March Meeting: The Annotated Minutes
Is there consensus on balance sheet normalization?
Monetary policymakers teed up a rate hike ahead of their March meeting with a chorus of hawkish Fedspeak. And they didn't disappoint.
The interest rate increase to a range of 75 to 100 basis points was the central bank's second in four months. The moves followed a year-long break from tightening after liftoff in December 2015 amid a shaky global economic environment and bouts of market volatility.