Fed Chair Janet Yellen will try not to rock already shaky markets Wednesday, but she is expected to continue to say the Fed hopes to hike interest rates.
Fed watchers say the weak May jobs report, with just 38,000 payrolls, ended all chances the Fed would hike rates at its meeting this week, even though it had signaled a hike was possible this summer ahead of the June 3 report. Now market uncertainty over the U.K. Brexit vote gave it yet another reason to pause.
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at email@example.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.