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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
Solid job gains and real income growth, along with a high level of household wealth and relatively upbeat consumer sentiment, were expected to support a pick-up in US consumer spending.
PHOTO: AFP
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
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