03:52 GMT +311 December 2019
Listen Live
    A view of the Federal Reserve

    Increase of US Interest Rate Can Happen ‘Fairly Soon’

    Get short URL
    0 62

    The United States could see the next interest rate hike comparatively soon, US Federal Reserve Governor Jerome Powell said in a speech on Thursday.

    WASHINGTON (Sputnik) — In April, the Federal Open Market Committee (FOMC) said the interest rate hike possibility remains open for the policy meeting in June.

    "Depending on the incoming data and the evolving risks, another rate increase may be appropriate fairly soon," Powell stated at the Peterson Institute in Washington, DC.

    On April 27, the FOMC announced that the US interest rates will stay unchanged at the 0.25-0.5 percent range.


    Currency Spotlight: Yen’s Rise May Signal Upcoming Trade Disruptions
    China, US to Coordinate Monetary Policy in the Wake of Renminbi Devaluation
    China Weakens Yuan to 2011 Low, Stirring Currency War Concern
    Unlikely US Housing Market Surge Pushes Fed Closer to Interest Rate Hike
    interest rate, US Federal Open Market Committee (FOMC)
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik