The Traderszone Network

Published in TZ Latest News 17 June, 2015 by The TZ Newswire Staff

Fed says U.S. economy strong enough to handle rate hike

The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labor market, U.S. Federal Reserve officials said on Wednesday. With the economy still on track to grow as much as 2 percent for the year, the central bank’s latest policy statement keeps it on track for at least one and perhaps a second rate increase later this year.

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