The Traderszone Network

Published in TZ Latest News 24 July, 2015 by The TZ Newswire Staff

Fed inadvertently publishes staff forecast for 2015 rate hike

Staff economists at the Federal Reserve expect a quarter-point U.S. interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism about its ability to keep secrets. The disclosure of the sensitive information is the latest blow to the Fed’s reputation for secrecy around policy deliberations. Later on Friday evening, the Fed said the inadvertently released document was not the correct document.