AI
Saturday, July 11, 2015 2:02:14 AM
Fed rate hike may come as early as September
http://in.reuters.com/article/2015/07/11/usa-fed-rosengren-idINKCN0PL03T20150711
One of the Federal Reserve's most dovish officials said on Friday that September may turn out to be the right time to raise interest rates if the U.S. economy continues to improve, and he set a relatively high hurdle for delaying the move until next year.
Boston Fed President Eric Rosengren said in an interview that while wild cards remain - including the recent drop in oil prices, China's economic slowdown, and the ongoing Greek debt crisis - the U.S. central bank could move to tighten policy at any upcoming meeting, including one in mid-September.
http://in.reuters.com/article/2015/07/11/usa-fed-rosengren-idINKCN0PL03T20150711
One of the Federal Reserve's most dovish officials said on Friday that September may turn out to be the right time to raise interest rates if the U.S. economy continues to improve, and he set a relatively high hurdle for delaying the move until next year.
Boston Fed President Eric Rosengren said in an interview that while wild cards remain - including the recent drop in oil prices, China's economic slowdown, and the ongoing Greek debt crisis - the U.S. central bank could move to tighten policy at any upcoming meeting, including one in mid-September.
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