Fed to ‘Skip’ June Interest Rate Hike Despite Higher Inflation

The U.S. Federal Reserve (Fed) looks likely to pass on raising interest rates next week—though policymakers are talking about a “skip” rather than a pause. The U.S. unemployment rate ticked higher in May, and job openings have continued to fall. But labour markets are still exceptionally tight and have been more resilient than expected despite […]

The post Fed to ‘Skip’ June Interest Rate Hike Despite Higher Inflation appeared first on Action Forex.