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Feds Will Not Raise Rates in June
Wednesday, May 27, 2015 6:20 AM

Federal Reserve officials meeting in late April doubted they would be ready to raise short-term interest rates by midyear, according to minutes of the meeting released Wednesday.

Fed officials are trying to make sense of a first-quarter economic slowdown. Many at the April 28-29 policy meeting believed temporary factors were holding the economy back. Before they lift rates, they want to be confident growth is on track, unemployment will keep falling and inflation will gradually rise toward their 2% goal.

The minutes, released with the regular three-week lag, showed that only a few Fed officials thought they would have enough confidence those conditions would be met by the June 16-17 meeting.

Source:  The Wall Street Journal, 20 May 2015