Moneycontrol Be a Pro
Get App
you are here: HomeNewsWorld
Last Updated : Oct 10, 2019 08:06 AM IST | Source: PTI

US Fed members 'more concerned,' say recession risks rising: Minutes

While the outlook remains good for the moment -- with strong jobs markets, low unemployment and the general public continuing to loosen purse strings -- weaker recent economic data have put clouds on the horizon, the minutes showed.


American central bankers have grown more fearful, saying a global slowdown and President Donald Trump's trade wars could drag down hiring and the broader economy with it, meeting minutes showed on Wednesday.

While the outlook remains good for the moment -- with strong jobs markets, low unemployment and the general public continuing to loosen purse strings -- weaker recent economic data have put clouds on the horizon, the minutes showed.

"Participants generally had become more concerned about risks associated with trade tensions and adverse developments in the geopolitical and global economic spheres," according to the minutes from the Federal Reserve's September 17-18 meeting.

Close
Several noted that models gauging recession probabilities had "increased notably in recent months.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Oct 10, 2019 12:36 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant