With the collapse of Silicon Valley Bank coming not long before the Federal Reserve's latest monetary policy meeting, the minutes of the meeting revealed some debate about raising interest rates.
The minutes of the March 21-22 meeting, released Wednesday afternoon, showed some participants considered leaving rates unchanged to allow more time to assess the effects of the banking sector turmoil.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.