NEW YORK: Federal Reserve (Fed) officials are signalling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report.
Governor Philip Jefferson, a centrist who’s nominated to be vice-chair and who often echoes chairman Jerome Powell’s views, said yesterday that skipping an increase would give policymakers time to assess data but not preclude future tightening.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
