Federal Reserve policy makers have been publicly cautious about what a U.S. trade dispute with China could mean for their outlook if it escalates, but investors will get a peek at what they really think when the central bank publishes an account of its March meeting.“For now, the stock market is very hung up on the issue,” said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC. “The Fed’s view has been this is at an early stage and it doesn’t affect the outlook yet. Investors will be very curious if there is anything in the minutes.”Minutes of the closed-door March 20-21 meeting of the Federal Open Market Committee, the first under incoming Chairman Jerome Powell, will be released at 2 p.m. on Wednesday in Washington. As the FOMC deliberated, the Trump administration was considering tariffs on Chinese imports, the prospect of which helped send stocks tumbling by almost 6 percent that week.Still, the FOMC raised interest rates last month for the sixth time since December 2015, penciled in two or three additional increases this year and forecast a steeper path of hikes in 2019 and 2020 against the backdrop of an improved economic outlook. The subject of looming trade… Read full this story
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