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Federal Reserve set not to play interest rate rise card

economy

Federal Reserve set not to play interest rate rise card

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The Federal Reserve is deep in a policy meeting with the unlikelihood of an interest rate rise coming anytime soon.

However much the Federal Reserve and chair Janet Yellen would like to hike the rate
poor unemployment figures have put paid to that.

Despite the weak job market there are signs that Americans are spending cash.

May saw a 0.5 percent rise in retail sales including cars and a wide range of goods.

Consumers appeared not to be put off by higher oil prices.

The fed will have noted the healthy domestic demand and will keep its interest rate rise card firmly in its pocket until it sees the job figures for June.

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