The Traderszone Network

Published in TZ Latest News 28 April, 2015 by The TZ Newswire Staff

Fed meeting seen as chance to nudge markets on rate hike timing

The Fed previously ruled out raising rates at the end of its two-day meeting on Wednesday, and the chances of a hike at the June meeting, while still on the table, have steadily decreased amid a drum-beat of weak first-quarter economic data. Economists say September is more likely than June for the Fed’s so-called “lift-off.” It has kept rates near zero since late 2008 as part of its effort to spur the recovery from the financial crisis.

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