Fed Minutes Show Members 'Not in a Rush' to Raise Interest Rates

Now watching

Next video starts in : 7 Play

Fed Minutes Show Members 'Not in a Rush' to Raise Interest Rates

Fed Minutes Show Members 'Not in a Rush' to Raise Interest Rates
Replay video
Up next

Workday and Yahoo! Cut; Time Warner Cable Gets Some Cheers

Unlock your personal NFL Now stream by signing in to NFL.com

Fed Minutes Show Members 'Not in a Rush' to Raise Interest Rates

by TheStreet 2:37 mins

Fed Minutes Show Members 'Not in a Rush' to Raise Interest Rates

by TheStreet 2:37 mins

Minutes from the Federal Reserve's policy-making arm show that the central bank is willing to wait until after an interest rate hike to drain reserves and let asset purchases run off, Bank of America senior U.S. economist Michael Hanson tells TheStreet's Joe Deaux. Hanson says the positive market reaction suggests investors witnessed a 'dovish spin' on the minutes, which participants anticipated to be more favorable for tightening monetary policy. The minutes also note that investors may be complacent. Hanson says the FOMC noted this because they are reiterating that ending the current loose monetary policy isn't a 'done deal.'

TheStreet

Personal Finance

  1. 2:22

    How this woman tracked down her identity thief

  2. 2:23

    3 strategies that can help simplify your life

  3. 2:14

    Would you give your dog your kidney?

  4. 2:14

    5 unique summer jobs that pay great

  5. 1:03

    Money Minute: What employers are really looking for

  6. 2:31

    CEO cashes out to become a farmer

Market Movers

  1. 2:24

    Hormel goes organic with Applegate

  2. 11:42

    Dollar/Fed in focus; Tiffany investors see green; Spam maker goes organic

  3. 1:22

    IRS tax return breach

  4. 3:25

    FIFA soccer corruption probe

  5. 1:32

    Tiffany shines; Michael Kors hits 52-week low; Hormel eyes high

  6. 12:02

    Bulls' long holiday; Time Warner Cable's new deal; Amazon takes on Etsy