A Fed interest rate hike 'unlikely' in June

GMT 18:18 2015 Wednesday ,20 May

Arab Today, arab today A Fed interest rate hike 'unlikely' in June

Federal Reserve policy
Washington - Arab Today

Federal Reserve policy makers do not expect to increase its key interest rate in June, minutes from the April 28-29 policy meeting showed Wednesday.

"Many participants" at the meeting "thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility," the minutes of the meeting said.


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