Federal Reserve officials divided over timing of interest rate hike

first_img Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapDoes ‘In the Heights’ Have a Post-Credits Scene?The WrapAzealia Banks Blasts Candace Owens’ Juneteenth Diss With Callback toThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap Wednesday 8 April 2015 9:41 pm whatsapp Federal Reserve officials divided over timing of interest rate hike whatsapp Share Show Comments ▼ US FEDERAL Reserve members clashed during their meeting last month over whether to begin hiking interest rates in June or to wait until the second half of this year, according to the minutes from the meeting released yesterday. Several thought it would be a prime time, but others argued the strong dollar and low global oil prices would continue to inhibit inflation, meaning the Fed should delay a rate hike.A couple of participants even suggested the economic outlook would not call for liftoff until 2016. The minutes show that “almost all” officials at the Federal Open Market Committee were in favour removing the forward guidance that the Fed would be “patient” in beginning to normalise monetary policy thanks to progress being made in achieving its target of maximum employment. However, they agreed that an increase in the target range for the federal funds rate was unlikely in April. Express KCS Tags: NULLlast_img

Posts Tagged with… , , , ,

Write a Comment

Your email address will not be published. Required fields are marked *