Fed Drops Recession Talk as Inflation Cools and Growth Holds Steady
• Federal Reserve officials stopped mentioning "recession" in last 3 meetings as threat faded • Word "recession" appeared over dozen times in prior 7 meetings' minutes starting Nov 2022 • Fed staff warned of recession risk in Nov, Dec 2022 and projected mild recession starting late 2023 • Wall Street survey respondents also repeatedly warned of high recession odds • Disappearance of "recession" suggests outlook brightened with cooling inflation and strong growth