While you were sleeping: June hike is possible

Wed, 18 May 2016

By Margreet Dietz May 19 (BusinessDesk) - The greenback strengthened while Wall Street moved lower, erasing earlier gains, after minutes from the latest Federal Open Market Committee meeting tipped an interest rate increase is likely next month. “Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labour market conditions continuing to strengthen, and inflation making progress toward the committee’s 2 percent objective, then it likely would be appropriate for the committee...

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