Fed signals interest rate hike firmly on the table for June

May 18, 2016 8:03 PM

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Fed signals interest rate hike firmly on the table for June

WASHINGTON Federal Reserve officials felt the U.S. economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday.

Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

Also read: U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

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