Fed policymakers signal no rush to raise rates

St Louis

THREE Federal Reserve policymakers on Thursday expressed the view that there was no hurry to raise US interest rates in the wake of the UK decision to leave the European Union (EU), despite signs that the US economy is near full employment.

Ahead of the next Fed policy meeting on July 26-27, a core group are now happy to keep interest rates unchanged, potentially for months, whereas just last month, most Fed officials signalled th…