FOMC Minutes – Many Fed officials saw June rate rise as unlikely

  • FED OFFICIALS GAVE NUMBER OF REASONS WHY 1Q WEAKNESS TRANSITORY
  • A NUMBER OF FED OFFICIALS SAW REASONS 1Q WEAKNESS MAY PERSIST
  • SOME FED OFFICIALS CONCERNED BY OUTLOOK FOR CONSUMER SPENDING
  • FED OFFICIALS SAW DOLLAR EXERTING DRAG ON GROWTH `FOR A TIME’
  • MOST FED OFFICIALS STILL SAW RISK TO OUTLOOK AS NEARLY BALANCED
  • MANY FED OFFICIALS SAW JUNE RATE RISE AS UNLIKELY, MINUTES SHOW

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