THE WALL STREET JOURNAL News Alert
Most Fed Officials See Rate Hike in 2015
Most Federal Reserve officials continue to expect the central bank to first increase interest rates some time next year, according to official projections.
In the forecast, 14 of 17 officials said they continue to believe the Fed's first increase in near zero short-term rates will occur in 2015. One official believes the Fed should boost rates this year, while two think the central bank can hold off until 2016. The September forecasts represent a modest shift from June's projections, when one hoped the Fed would lift rates this year, while 12 saw 2015 as the most likely point of lift off.
The most important thing in communication is to hear what isn't being said.
~Peter Drucker
