Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal


Federal Reserve officials are sending out stronger signals they may forgo an interest rate increase at the Central Bank's next meeting. I'm Ben Thomas with the latest. Three leading fed officials have expressed support for the idea of skipping a rate hike in June, fed governor Phillip Jefferson says that would give policymakers time to see more data. President Biden has nominated Jeff sent to be the fed's vice chair, putting him close to the center of fed policy making, the comments come despite a slew of tough talk from other fed policymakers and to disappointing inflation report last week, and those suggesting a pause also indicate hikes could resume later this year. The fed has implemented ten straight hikes pushing its benchmark interest rate to about 5.1%, the highest in 16 years. Ben Thomas, Washington

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