Federal Reserve Meeting Minutes to Be Released Amid Economic Concerns

According to Odaily, the Federal Reserve is set to release the minutes from its March 19-20 policy meeting at 2 a.m. UTC+8 on Thursday. During this meeting, the Fed decided to maintain the benchmark interest rate within the 4.25%-4.50% range and indicated plans for three rate cuts of 25 basis points each within the year. Following U.S. President Donald Trump's announcement of a global tariff plan on April 2, U.S. stocks experienced a significant decline, prompting several economists to warn of a potential recession this year. In a speech on April 4, Federal Reserve Chairman Jerome Powell adopted a more hawkish tone, cautioning about the highly uncertain outlook and the dual risks of rising unemployment and inflation. Recent futures market data shows that traders have increased their expectations for four rate cuts this year.