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Fed Puts June Rate Increase on Table Provided Economy Says Go

Posted by Chris Advincula on May 19, 2016 6:15:28 AM

(May 18 Wednesday-Bloomberg) 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 severa speeches by regional Fed bank presidents warning investors not to dismiss a mid-year hike after the odds of such a move eedged close to zero.

Click on the link below to see the full story from Bloomberg: (by Craig Torres)

Fed Puts June Rate Increase on Table

 

Fed.Mins.5.19.2016.jpg

 

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