- The number of Fed officials up for a June rate hike fell to a "few" in April versus "several" at the March FOMC meeting.
- This isn't news, nor is the Committee's conviction - voiced in the minutes - that the Q1 economic slowdown was transitory.
- The FOMC notes continued accommodative financing conditions for nonfinancial firms, broadly available financing for commercial real estate, and residential mortgage lending conditions as little-changed, with volumes remaining light.
- The Committee was unanimous in its decision to stand pat.
- Minutes of the FOMC April 28-29