Fed Officials Make a Call on Rate Rise

The Federal Reserve should raise interest rates in June, a top Fed official said on Tuesday, saying the U.S. economy is strengthening and that inflation will move back to the central bank’s target.

“At this point, I think June looks like the attractive option” to raise interest rates, Richmond Fed President Jeffrey Lacker told reporters. “The data could change that, but it would have to be surprising data for me.”

Lacker, who is a voting member on the Fed’s policy setting committee this year, said that going back a year, he was advocating for a rate rise in the first half of this year, a stance he said that has only been affirmed by the data coming in.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.