US Federal Reserve may increase interest rates in June

  • The US Federal Reserve is in a mood to increase interest rates from next month; provided the nation’s economic data supports the initiative. The bank would be searching for signs the employment, economy and inflation are shaping up, prior to taking the action. It remains wary of several external factors such as UK vote to leave the European Union. Additionally, there are also chances of deferring the decision due to fear of unsetting global markets, courtesy Brexit.