The Fed Won’t Hike at Upcoming Meeting, WSJ and FT Say
The Federal Reserve won’t hike interest rates on June
25 and may not hike in August, articles in the Wall Street Journal and
Financial Times suggest.
The articles follow up a story in Monday’s Washington Post that cited
unnamed sources and said Federal Reserve Chairman Ben Bernanke has
no plans to raise rates. Combined, they suggest a co-
ordinated effort by policy-makers to cool market expectations for rate
hikes which have been aggressively pricing in rate hikes to cool
inflation.