Wall Street Journal (07/08/15) Jon Hilsenrath; Ben Leubsdorf
Minutes from the U.S. Federal Reserve’s June 16-17 meeting suggest an underlying unease about raising interest rates. According to the minutes, the Fed “would need additional information indicating that economic growth was strengthening, that labor market conditions were continuing to improve, and that inflation was moving back toward the committee’s objective” of 2% before raising interest rates. The slow pace of consumer spending is one of the Fed’s concerns.
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