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Fed Signals June Liftoff Unlikely

FOMC minutes leave open option of tightening later this year.

By Christopher Condon and Jeff Kearns, Bloomberg | Updated on May 21, 2015

Federal Reserve officials signaled they are unlikely to raise interest rates in June while leaving open the option of tightening later in the year.

Minutes of their April meeting, released on Wednesday in Washington, also confirmed that the Fed expects growth to pick up after stalling in the first quarter, even as officials fretted about the strength of the consumer spending that makes up two-thirds of the economy.

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