[TSP_Strategy] Fed signals it's on track for September rate hike

 

Thoughts?  Check out this story on USATODAY.com: http://usat.ly/1LfJlBJ

Citing an improving economy, the Federal Reserve signaled Wednesday that it's on track to raise historically low interest rates as early as September, but that rates are likely to climb more gradually than it previously anticipated.

In a statement after a two-day meeting, Fed policymakers didn't explicitly state when they plan to boost the central bank's benchmark rate for the first time since 2006. Although Fed officials have said they expect to act this year, the statement reiterated that the precise timing will depend on the economy's performance in coming months.

But Fed policymakers continue to expect the federal funds rate to rise from 0.125% to 0.625% by the end of the year, in line with their median estimate in March. Economists have said there almost certainly would have to be two rate hikes to reach that level, with the first likely coming in September.

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Ditulis oleh: Andriansyah -