The Traderszone Network

Published in TZ Latest News 12 July, 2014 by The TZ Newswire Staff

Fed officials debate timing of interest rate increases: WSJ

Most Fed officials at June’s policy meeting didn’t see rate increases until 2015, according to projections made before the Labor Department reported on July 3 that the jobless rate fell to 6.1 percent in June, the Journal said in an article posted late on Friday. Fed officials hadn’t expected unemployment to fall to near 6.1 percent until the end of this year. “We have made more progress toward our unemployment goals than we would have thought” earlier this year, San Francisco Federal Reserve President John Williams told the Journal.

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