“The Fed news agency” Hilsenrath: FOMC officials expected economic indicators show that the current adjustment rate hike may not want their past.
The slowdown in economic growth and inflation in the doldrums force Fed officials to reconsider the pace of rate hikes.
Employment growth slowed and inflation downturn become the Fed’s concerns about location, may be the cause of their reluctance to take action.
Current Fed did not completely rule out the July rate hike, but the tone of the statement and the economy is expected to hint the Fed would need to see improvement in the economy and the labor market rebound, we will consider taking action in July.