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Fed members divided on June hike

Wednesday, Apr 08 2015

FOMC Meeting Minutes showed that “several participants judged that the economic data and outlook were likely to warrant beginning normalization at the June meeting,” according to minutes of the March 17-18 Federal Open Market Committee session released Wednesday in Washington.

Others argued that energy-price declines and the dollar’s appreciation would continue to curb inflation, suggesting that a rate increase should be delayed until later in the year. A couple said the economy probably wouldn’t be ready for tighter policy until 2016. The minutes don’t identify the participants or give precise numbers of those holding a certain view.

 

After the Minutes USD  was pushed higher against its major rivals. Euro is currently being traded few points above 1.0760 area, Sterling is around 1.4850 area, while Aussie is slightly below 0.7680 level.

Last modified on Wednesday, 08 April 2015
More in this category: « Eurozone Retail Sales declined more than expected Aussie heading towards 0.77 handle »

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