"FOMC Consensus: Majority Backs Dovish Pivot in 2024"

The FOMC minutes revealed that most members agreed it would be appropriate to pivot dovishly in 2024, with discussions on inflation, housing services, immigration's impact on demand for housing, and the finances of lower- and moderate-income households. The economic projection for March was stronger than January's, primarily due to a higher projected path for population from immigration. There was no immediate market reaction to the minutes.