FOMC: Timing Of Next Rate Hike Uncertain, June Minutes Reveal

A close look at the Federal Reserve’s minutes from its June meeting reveal that officials did not specify whether we could expect a rate hike this month or later this year.

When the central bank met last month, the May jobs report had just rattled markets and anxiety lingered over the potential Brexit and its unknown effects on the market. Policymakers did say the coming rate hikes, if any, would depend on the Federal Open Market Committee’s economic expectations, the state of the labor market and inflation, MarketWatch reports.

“The July FOMC meeting is certainly off the table. September is in play, I suppose, but only if everything breaks perfectly,” Amherst Pierpont Securities chief economist Stephen Stanley says. “That leaves December, which is currently my expectation for the next Fed move.” [MW]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Why Data Centers Crave Simplicity As Operations Grow More Complex

Blackstone Looks To Secondary Market To Cash Out Investors In $11B Fund

Ares, Canadian Pension Investor Launch $2.4B U.S. Logistics JV

Troubled Multifamily Loans Face A Refinancing Problem: Who Puts In New Equity?

Toys R Us Plans 120 New Stores Ahead Of The Holidays

DOJ Charges LA Nonprofit Workers With Misusing $8.7M Meant For Housing Aid

Data Center Leaders Aren't Sweating Calls For An AI Slowdown

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

First Rate Hike Since 2023 Lands Atop 5% Treasury Yield, Ratcheting Up Capital Pressure

Stockdale Hires Fortress Exec To Launch Debt Business

Discussing Strategic Capital Stack Structuring At Bisnow's Sept. 30 National Finance Event

Inside The Nationwide Jockeying For Opportunity Zones 2.0