Fed Is Seriously Considering Raising Interest Rates in June, Meeting Minutes Say
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Janet L. Yellen, the Fed chairwoman. Officials have repeatedly said that they want to get out of the business of telling markets when rates will rise, but they also appear unable at times to resist the temptation.CreditSaul Loeb/Agence France-Presse — Getty Images
WASHINGTON — The Federal Reserve sent a sharp, simple message to financial markets on Wednesday: Pay attention. The Fed is thinking seriously about raising its benchmark interest rate at its next meeting, in June.
The unusually frank bulletin was delivered in the official account of the Fed’s April meeting, which said explicitly that most officials thought “it likely would be appropriate” to raise rates in June if the economy shows clear signs of a rebound from a weak winter…
Fed Is Seriously Considering Raising Interest Rates in June, Meeting Minutes Say
