Fed officials say June rate hike still in play, hinges on data

April 8, 2015 7:15 PM

65 0

Fed officials say June rate hike still in play, hinges on data

NEW YORK (Reuters) - The Federal Reserve could still hike interest rates in June despite weak recent U.S. data and investor skepticism, two influential officials with the central bank said on Wednesday, putting the spotlight squarely on the economy's performance in the next two months.

Disappointing U.S. jobs growth, manufacturing activity, and retail sales over the winter had pushed market expectations for a rate hike to later in the year. June has long been seen as the earliest the Fed could tighten policy, after more than six years of near-zero rates.

Read more

To category page

Loading...