Fed Expects “Mild Recession” This Year

Stocks fell at the end of trading on Wednesday after recently released FOMC meeting minutes revealed that staffers at the U.S. Federal Reserve expect the U.S. economy to fall into a recession later this year. While Michael Barr, Vice Chair for Supervision, described the banking sector as “sound and resilient,” FOMC staff said they believe [...] The post Fed Expects “Mild Recession” This Year appeared first on ETF Trends .