O que disse a ATA do FED

The information reviewed at the March meeting indicated that the economy appeared to be expanding at a modest pace in the first quarter. Declines in residential construction activity continued to weigh on overall activity, and business investment had softened considerably over the preceding several months, especially in equipment used in the construction and motor vehicle industries. However, consumer spending had increased appreciably in the early part of the year, and labor demand continued to expand, albeit at a somewhat slower pace than last year. Meanwhile, the twelve-month increase in core consumer prices remained elevated relative to its pace one year earlier.

Resumindo: A ata alerta para a possível necessidade de aumento de juros caso a inflação não ceda, traçando um cenário mais negativo do que o statement justificando a retirada do “inflation risk”, e indica uma maior incerteza quanto ao ritmo do crescimento econômico.