Federal Reserve officials want to raise interest rates in June.Now it is up to the U.S. economy to confirm their view that slowgrowth 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” sixtimes in a policy context. That signal follows several speeches byregional Fed bank presidents warning investors not to dismiss amid-year hike after the odds of such a move edged close tozero.
“TheFed put the June hike relatively aggressively on the table solong as the economic data continues to show positive signs,” saidTony Bedikian, managing director of global markets for Citizen'sBank in Boston.
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