Economic news

Fed says the economy is solid but chances of recession are weighed

The Federal Reserve’s officials debated recession and the possibility of its emergence in the nearest time, they also said that international trade discords are troublesome as the economy could suffer though at the time it remained stable, minutes of the central bank’s gathering in mid-June say.

Photo: Reuters

According to the minutes, containing the information on a meeting marked by the second rate hike in the year, policymakers could shortly message that the cycle of raising rates moved far enough and these measures were not driving or restraining the economy anymore.

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