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Thursday, May 24, 2018

Fed Update : Fed Minutes Signal June Rate Increase

Fed Update : Fed Minutes Signal June Rate Increase

Federal Reserve officials at their meeting earlier this month signaled they were likely to raise their benchmark short-term interest rate at their June meeting, and they debated how to characterize an evolving policy strategy that soon would no longer try to stimulate economic growth.

If the economy performs as expected, "it would likely soon be appropriate for the committee to take another step" in raising rates, according to minutes of the Fed's May 1-2 meeting, released Wednesday.

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Sentiment : Good for Dollar

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