The Traderszone Network

Published in TZ Latest News 16 June, 2015 by The TZ Newswire Staff

Fed eyes mixed bag of data as new rate ‘regime’ nears

The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over? After watching the U.S. economy contract in the first quarter, central bank officials have signaled they won’t raise rates this week. The Federal Open Market Committee’s policy statement, due to be released at 2 p.m. EDT (1800 GMT) on Wednesday, will spell out how policymakers feel the economy has progressed since their last meeting in April, and particularly whether the labor market continues to strengthen.