Newsclip®: [Business] The Fed keeps Wall Street guessing on interest rate hike | New York Post

"The Federal Reserve needs to pick a lie and stick with it. The Fed upset the financial markets on Wednesday when it released the minutes of an April 26-27 policy meeting that showed an interest rate hike is still very much on the table for June. The minutes — or, rather, the notes of the meeting — said a rate hike at next month’s meeting would be “appropriate” if economic data improve. But wait just one New York minute. After that April meeting, the Fed strongly indicated something 180 degrees different — like a hike in June was very unlikely. Fed boss Janet Yellen even echoed that very dovish tone at a press conference following that press release. So which is it, Yellen? Is a rate hike still in play for June (as indicated in the April minutes) or completely off the table (as pretty clearly stated during the press conference)? Investors on Wednesday gave a Bronx cheer to the very idea of raising rates in June, pushing stock",

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