Thursday: Existing Home Sales, Unemployment Claims and More

From Jon Hilsenrath at the WSJ: Fed Looks Past June for First Rate Hike Federal Reserve officials at their April policy meeting said in the most explicit terms yet that they are unlikely to start raising short-term interest rates in June, as seemed possible when 2015 began. Officials have been saying they won't begin lifting their benchmark federal funds rate from near zero until they see more improvement in the labor market and are confident inflation will rise toward their 2% target. Several of them started the year thinking they might reach that point by midyear. But by last month, after......(read more)

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