Rates: To raise or not to raise
The financial world is now preparing for a possible 0.25 percentage point hike in US interest rates in June
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IN THE minutes of the April Federal Open Market Committee (FOMC) meeting released on May 18, there were explicit mentions of the Fed considering a hike in interest rates at the June 14-15 meeting, in addition to discussions of the state of the global economy, the US economy, and the lack of productivity growth.
Here is an edited excerpt:
PARTICIPANTS indicated that their assessments of the medium-term economic outlook had not changed materially since March and discussed a number of factors suggesting that the apparent softness in spending in the first quarter was unlikely to persist.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
