Federal Reserve officials signaled they are unlikely to raiseinterest rates in June while leaving open the option of tighteninglater in the year.
Minutes of their April meeting, released on Wednesday inWashington, also confirmed that the Fed expects growth to pick upafter stalling in the first quarter, even as officials frettedabout the strength of the consumer spending that makes uptwo-thirds of the economy.
“The tone is frustration,” said Lindsey Piegza, chief economistat Sterne Agee & Leach Inc. in Chicago. “Why isn't the economygetting any stronger? They want to raise rates but the data is justtoo darn weak.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
