Fed seriously considering June interest rate hike, meeting minutes show
Message sharply at odds with expectations of investors who had largely written off a June increase
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
THE Federal Reserve sent a sharp, simple message to financial markets on Wednesday: Pay attention. The Fed is thinking seriously about raising its benchmark interest rate at its next meeting, in June.
The unusually frank bulletin was delivered in the official account of the Fed's April meeting, which said explicitly that most officials thought "it likely would be appropriate" to raise rates in June if the economy shows clear signs of a rebound from a weak winter.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
