Members say threat of a global economic slowdown has lessened, but US economy, Britain’s EU referendum and China’s exchange rate raise concern
The US Federal Reserve could raise interest rates as early as June, according to minutes from its April meeting, with Fed members arguing the risks of a slowdown in the global economy have receded.
Yet even as the members have become more bullish about US economic resilience, they remained cautious about raising rates. They voted 11-1 to keep interest rates unchanged for a third time this year at the April meeting.
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