Near Fed majority pushes for rate hike

There may be a hike in U.S. interest rates this summer—even though Federal Reserve Chair Janet Yellen hasn’t yet endorsed such a move.

As Reuters reports, a near Fed majority has aligned “in favor of a possible June interest rate hike. Seven of the Fed’s current 17 members have now said they at least want the option of a June tightening on the table, or have pushed in general for an earlier increase.”

Read more on the divide between Fed members.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.