Fed approaching interest rate hike but 'reasonable confidence' still short

Thursday, August 20th 2015 - 06:38 UTC

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An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released on Wednesday. Read full article

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ChrisR
“ One Fed policymaker was ready to vote for a rate hike at the July 28-29 meeting, while a group of others “viewed the economic conditions for beginning to increase the target range for the federal funds rate as having been met or were confident that they would be met shortly,” according to the minutes.”

Weasel words, just like the UK the US have taken those who wanted a job but couldn't find a job OFF the register: they are working in the black now.

The Fed have proven themselves to be utterly incapable of running the economy, it's all about big business interests first, second and last.

It's about time the government thought of something better.
Aug 20th, 2015 - 06:05 pm - Link - Report abuse 0
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Hepatia
With what has been occurring with RMB in recent days there is not much chance of the Fed increasing rates anytime soon.
Aug 27th, 2015 - 01:47 am - Link - Report abuse 0
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