Fed contemplates rate hike or ‘skip’

Top officials indicate the terminal rate is not yet reached – but a pause is possible

Federal Reserve Bank of Dallas
The Federal Reserve Bank of Dallas
Photo: Andreas Praefcke

Members of the US’s Federal Open Market Committee (FOMC) are open to raising rates at their next meeting, but have signalled they could also let economic conditions develop without tightening.

The next rate announcement from the FOMC will be on June 14. A recent batch of data on employment and inflation has potentially impacted the calculus for that decision.

The US added 339,000 non-farm jobs in May, better than most analysts expected. But the figure was accompanied by an uptick in

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