Economics
Fed Puts June Rate Increase on Table Provided Economy Says Go
- Minutes of April 26-27 show officials were ‘open’ to June move
- Brexit among risks to global outlook Fed needs to watch
The Fed Sets the Table for a June Rate Hike
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Federal Reserve officials want to raise interest rates in June. Now, it is up to the U.S. economy to confirm their view that slow growth in the first quarter was temporary.
Minutes of the April 26-27 Federal Open Market Committee meeting released Wednesday in Washington used the word “June” six times in a policy context. That signal follows several speeches by regional Fed bank presidents warning investors not to dismiss a mid-year hike after the odds of such a move edged close to zero.