Fed Officials Predict Recession Amidst Market Turmoil
TL;DR Summary
The stock market rally retreated Wednesday as the Federal Reserve saw the banking crisis spurring a recession. Newly released minutes from the March 21-22 Federal Reserve meeting showed Fed staff forecasting "a mild recession starting later this year." China stocks were hard hit after Berkshire Hathaway (BRKB) CEO Warren Buffett signaled his concern about geopolitical tensions, notably China and Taiwan. Delta Air Lines (DAL) reports earnings early Thursday, kicking off results for carriers. Tesla (TSLA) earnings are due April 19, with gross margins in focus.
- Recession Fears Hit Market; Buffett's Concerns Slam These Stocks Investor's Business Daily
- Fed expects banking crisis to cause a recession this year, minutes show CNBC
- Several Fed officials considered rate pause in March, minutes show Yahoo Finance
- Federal Reserve Officials Reveal When They Expect A Recession To Strike The Daily Wire
- Stocks give up gains to end lower MarketWatch
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