UNLOCK THE POWER OF THE VAULT

Fed minutes suggest rate hikes on hold until Brexit impact clearer

July 27, 2016

 

 


 

Fed minutes suggest rate hikes on hold until Brexit impact clearer

July 6, 2015 | By Jason Lange and Lindsay Dunsmuir | Yahoo Finance

WASHINGTON (Reuters) – Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting released on Wednesday.

The minutes of the June 14-15 meeting, which took place ahead of the June 23 referendum in which Britons voted to leave the European Union, showed widespread unease over the so-called “Brexit” vote, including among voting members on the rate-setting Federal Open Market Committee.

“Members generally agreed that, before assessing whether another step in removing monetary accommodation was warranted, it was prudent to wait for additional data on the consequences of the U.K. vote,” according to the minutes.

Article Located Here

Print Friendly, PDF & Email
Go Back
Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.