FOMC Minutes: June rate hike “unlikely”

FXStreet (Córdoba) - Minutes from the Federal Reserve April minutes showed FOMC members maintain different views about the likely timing and pace of a rate hike, but most agreed the decision would depend on upcoming data and the economic outlook.

While “a few” anticipated that the information that would accrue by the time of the June meeting would likely indicate sufficient improvement in the economic outlook, “many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility”.