The Federal Reserve is deep in a policy meeting with the unlikelihood of an interest rate rise coming anytime soon.
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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.
Is the Janet Yellen
federalreserve</a> too cautious? <a href="https://t.co/LpfZcLD1Su">https://t.co/LpfZcLD1Su</a> <a href="https://t.co/BYyBAStKdr">pic.twitter.com/BYyBAStKdr</a></p>— CNNMoney (CNNMoney) June 9, 2016
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.
Spotlight: U.S. Federal Reserve Chairwoman Yellen evasive about rate hike timing https://t.co/sDHpmWOQFx pic.twitter.com/VpSDFbaliQ
— China Xinhua News (@XHNews) 7 juin 2016
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.
