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China Said to Plan Asking U.S. on Timing of Fed Rate Hike

  • U.S.-China Strategic & Economic Dialogue set for June 6-7
  • China said to be preparing for potential market, yuan impact
Bloomberg business news

China Said to Plan to Ask U.S. on Fed Rate Hike Timing

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Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter.

The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as the nation’s policy makers prepare for the potential impact on financial markets and the yuan, the people said, asking not to be named as the discussions were private. In China’s view, if the Fed does lift borrowing costs, a July move would be preferable, the people said. A People’s Bank of China press officer later denied that China plans to ask about the timing of a Fed rate hike.