Fed minutes reveal divergence on first rate hike

0
589
What we know, or have the means to know, is already in excess of any security threat that can be reasonably estimated from random groups of militant Islamicists. Not only that, the concentration of such huge information and spy networks in relatively few hands and the lack of oversight pose a domestic and global danger far greater than the sporadic actions of disenfranchised groups in the Middle East

fed

By Paul Davidson

Several Federal Reserve policymakers said last month the central bank is likely to raise its benchmark interest rate in June but “others” said the move will probably occur “later in the year,” according to minutes of the Fed’s March 17-18 meeting.
The report is consistent with Fed policymakers’ forecasts, released after the mid-March meeting, that indicate the first bump in rates since 2006 is unlikely before September as the Fed awaits signs of a pickup in anemic inflation.
Still, the minutes, which provide a more detailed window into Fed officials’ debates at the gathering, suggest they haven’t ruled out a June rate increase.

The minutes also offer a rough blueprint for the signals that could indicate an acceleration in inflation is coming — thus making a rate increase viable — including a more stable dollar.
“Read the Full Article at www.usatoday.com >>>>”

ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy