Federal Reserve Meeting Minutes: Almost all officials expect more interest rate hikes in 2023

ChainCatcher news, the Federal Reserve meeting minutes show that Fed staff maintain their forecast of a "mild" recession in 2023. Almost all officials expect more interest rate hikes in 2023. Those in favor of rate increases point out that the labor market is very tight, economic momentum exceeds expectations, and there is no evidence that inflation will gradually return to the 2% target.