10 April | Dollar

Minutes of Fed's March meeting indicate its wait-and-see approach

Minutes of Fed's March meeting indicate its wait-and-see approach

The minutes of the Federal Reserve's (Fed) March meeting were published yesterday. US officials kept interest rates unchanged, expressing their concerns about negative consequences of Donald Trump's tariff policy. They believe that a slowdown in the country's economic growth, a reduction in the inflow of investment and an acceleration of inflation cannot be ruled out. The combination of these factors forces the Fed to take a cautious approach in determining the future course of monetary policy, Reuters reports.

However, the agency also notes that US officials made such statements before the announcement of new import tariffs on April 2. With the threat of tightening trade relations between the world's leading economy and other countries, the stock markets plummeted and fears of recession increased. Later Trump reconsidered his decision on the tariffs.

The Fed is already seeing signs of accelerating inflation in the US. In case of retaliatory measures from the countries affected by the American restrictions, consumer price growth may gain momentum. However, the central bank is likely to take a wait-and-see approach amid global uncertainty, Reuters says.

Elena Dorokhina MarketCheese
Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Yesterday at 10:05 AM 28
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Yesterday at 09:14 AM 26
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
17 July 2025 62
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
17 July 2025 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 87
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts