BREAKING NEWS

BREAKING NEWS

Fed: June US interest rate rise could be 'appropriate'

Minutes from the latest meeting of Federal Reserve's policymakers reveal they feel the US economy could be ready for an interest rate increase as early as June.

Now Reading:

Fed: June US interest rate rise could be 'appropriate'

Text size Aa Aa

It has been revealed the Federal Reserve’s policymakers feel the US economy could be ready for an interest rate increase as early as June.

The just released minutes of the central bank’s April policy meeting show they are mostly more confident that inflation is rising toward the Fed’s two percent target and less concerned about a global economic slowdown.

Fed Chair Janet Yellen and her colleagues say a rise in the cost of borrowing would be appropriate if US growth continues to improve.

That lifted the value of the dollar and pushed down government bonds, share prices and commodities like oil.