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
Expectation: 1250 pips
Selling USDJPY with 146.450 target while anticipating BoJ rate decision
Today at 06:40 AM 29
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
Yesterday at 11:38 AM 173
Period: 24.09.2025 Expectation: 1500 pips
USDCAD is set to fall ahead of interest rate decisions
Yesterday at 10:57 AM 155
Period: 23.09.2025 Expectation: 500 pips
NVIDIA shares approach gap closure at $170.50
Yesterday at 10:26 AM 137
Period: 31.12.2025 Expectation: 200 pips
Buying NVIDIA shares with $195 in view
Yesterday at 08:54 AM 38
Period: 24.09.2025 Expectation: 1300 pips
EURUSD is expected to correct after Fed announces rate decision
Yesterday at 07:14 AM 159
Go to forecasts