The Fed’s April meeting minutes detailed a potential 2nd-wave virus scenario that could drag on the economy into 2021

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Minutes from the Federal Reserve’s April meeting detailed key risks facing the economy as coronavirus lockdowns dragged on. Members of the Federal Open Market Committee found that a “more pessimistic projection was no less plausible” than a base case that featured economic growth re-emerging in the second half of the year. Such a scenario would arrive on the back of a second wave of COVID-19 cases and feature a decrease in GDP, surging unemployment, and weak inflation lasting into 2021, the participants warned. Members also noted the FOMC might need to provide greater detail around its asset purchases, as

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