Svmuu News: Federal Reserve Chairman Wash declined to comment on whether Federal Reserve might raise interest rates at its July meeting.“I hope that when we meet in four weeks, we’ll have a full ‘in-house debate,’” he said. “When we meet behind closed doors, we’ll have a vigorous debate. But beyond that, I have no further information to share.”
Wash made these remarks at the annual policy seminar of the European Central Bank (ECB) held in Sintra, Portugal; this was his first public appearance since attending his first Federal Reserve press conference last month. Since then, investors have begun to anticipate that the Federal Reserve will raise interest rates more frequently, but the market currently estimates the probability of a rate hike this month at less than 50 percent. (Jin Shi)