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
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, despite apparent consensus among Fed officials that a hike is warranted by stronger US growth and tight labour markets.
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