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Fed likely to avoid rate hike before Britain votes on leaving EU

If Fed does indeed take a pass at its June meeting, officials have signalled they'll be ready to move in July
Saturday, June 4, 2016 - 05:50
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GLOBAL FACTOR: While the impact of a vote to leave the EU is uncertain, one widely expected and immediate result is likely to be a jump in the value of the dollar.

Washington

THE US Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain's vote on whether to leave the European Union.

The geopolitical risk likely will push any rate increase until at least July,

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