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Congress in recess, Fed minutes release, while debt ceiling remains deadlocked

While the House and Senate continue their Easter/Passover break for another week and President Biden heads to Northern Ireland and the Republic of Ireland, there will be news out of DC on Wednesday when the Fed releases the minutes from the March meeting of the FOMC.  In the last minutes from February, there was a discussion of sentiment within the Committee for an increase of 50bps rather than the eventual increase of 25bps.  The question to look for in this week’s minutes release i

While the House and Senate continue their Easter/Passover break for another week and President Biden heads to Northern Ireland and the Republic of Ireland, there will be news out of DC on Wednesday when the Fed releases the minutes from the March meeting of the FOMC.  In the last minutes from February, there was a discussion of sentiment within the Committee for an increase of 50bps rather than the eventual increase of 25bps.  The question to look for in this week’s minutes release is whether the March minutes reflect any sentiment for a pause after the banking troubles that preceded the FOMC meeting?

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