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April FOMC minutes: Economic outlook broadly unchanged, higher fed funds rate still expected by year-end

Global & Regional Focus Notes

21 Μαΐου 2015
According to the minutes of the April 28-29 FOMC meeting, participants discussed to what extent the unexpected weakness in domestic economic activity in the first quarter was temporary. The disappointing domestic demand performance in Q1 was primarily attributed to transitory factors (adverse winter weather conditions and West Coast port strikes), with some participants highlighting potential seasonal weakness in the first quarter of each year.
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