Fed, under pressure, may go ahead with increase

According to this article by John Berry of Bloomberg, published Friday 9 June, Federal Reserve officials now seem likely to raise US interest rates later this month.

"Most of the policy makers probably would prefer to leave the target at 5 percent," he says, saying that any reluctance on the part of Fed officials to raise rates again this month is due to uncertainty about where exactly the US economy is at.

However, officials fret that expectations for future inflation could jump if the committ