Fed minutes: All participants viewed near-term outlook as deteriorated sharply

<p>FOMC minutes noted that “all participants viewed the near-term U.S. economic outlook as having deteriorated sharply in recent weeks and as having become profoundly uncertain.” Hence, “almost all members agreed to lower the target range for the federal funds rate to 0 to 1/4 percent.” “With regard to monetary policy beyond this meeting, these participants […]</p>
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