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FOMC: June rate hike about off the table

May 20, 2015 2:07 PM ETBy: Stephen Alpher, SA News Editor34 Comments
  • The number of Fed officials up for a June rate hike fell to a "few" in April versus "several" at the March FOMC meeting.
  • This isn't news, nor is the Committee's conviction - voiced in the minutes - that the Q1 economic slowdown was transitory.
  • The FOMC notes continued accommodative financing conditions for nonfinancial firms, broadly available financing for commercial real estate, and residential mortgage lending conditions as little-changed, with volumes remaining light.
  • The Committee was unanimous in its decision to stand pat.
  • Minutes of the FOMC April 28-29

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