Federal Reserve may raise interest rates

Global Business

Published March 18, 2015 at 8:53 PM

The Federal Reserve has unceremoniously booted out the word patience from its regular monetary statement. The move indicates officials might raise rates, but the dance of Fedspeak is never so simple. Daniel Ryntjes filed this report.

Federal Reserve may raise interest rates

The Federal Reserve has unceremoniously booted out the word patience from its regular monetary statement. The move indicates officials might raise rates, but the dance of Fedspeak is never so simple. Daniel Ryntjes filed this report.

Highlights:

  • Despite strong jobs numbers in recent months, Americans aren’t seeing a boost in their wages.
  • Members of the Federal Open Market Committee are predicting a slower path toward higher interest rates.
  • Inflation remains extremely low, which has been attributed to the impact of the strong dollar and declining oil prices.

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    Saruhan Hatipoglu, CEO of Business Environment Risk Intelligence on the state of global currency

    For more on the state of global currency, CCTV's Philip Yin spoke with Saruhan Hatipoglu, the CEO of Business Environment Risk Intelligence.