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Rate Increase in June?

Although financial markets have written off the idea of a U.S. interest rate increase in June, the Fed minutes from April suggest the possibility is still on the table.

By Craig Torres, Bloomberg | Updated on May 19, 2016

Federal Reserve officials want to raise interest rates in June. Now it is up to the U.S. economy to confirm their view that slow growth in the first quarter was temporary.

Minutes of the April 26-27 Federal Open Market Committee (FOMC) meeting released Wednesday in Washington used the word “June” six times in a policy context. That signal follows several speeches by regional Fed bank presidents warning investors not to dismiss a mid-year hike after the odds of such a move edged close to zero.

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