Stronger Case for Higher Rates

Fed Officials Stress Data Over Dates as Rate Rise Case Builds

Federal Reserve officials are signaling more confidence in the economy that moves them nearer to raising interest rates, and are stressing the liftoff is linked to data rather than dates to avoid unsettling markets.

No Surprises

“We don’t want to surprise markets,” Fischer said in Washington. “On the other hand, we can’t give precise estimates about dates that we don’t know, and that’s why the emphasis always goes back to the data, and not to the date.”

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