Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 06 July 2016 7:05 pm

US Federal Reserve June minutes show labour market and Brexit fears

By: Billy Bambrough

Add as a preferred source on Google

The latest US Federal Reserve minutes have shown members agreed they should wait for further data on the labour market and the impact of the UK's European Union membership vote before raising rates. 

Most were in agreement rates should be raised if economic conditions improved, though officials said May jobs payrolls raised uncertainty.

The meeting was held a week before the UK's shock vote to leave the European trading bloc sent shock waves through the global economy.

The Fed has made it clear since the vote it is now going to wait-and-see whether the referendum has a negative impact on US growth. 

Fed policymakers have recently signalled they are planning two more rate rises this year, though the futures market suggests traders are not expecting the Fed to move until 2018.

Last month the US Federal Reserve voted to keep its interest rates on hold, inline with market expectations.

It had previously been thought the Fed would hike rates for the second time in a decade last month though sentiment soured ahead of the meeting.

The US central bank has held the target range for the federal funds rate at 0.25 per cent to 0.5 per cent, where it has been since December last year.

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics

Trending Articles

  • Harry Styles at Wembley Stadium review: running through the grief

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Nothing fails to file accounts months after dissolution threat

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • Trump blocked from sacking Fed official in landmark Supreme Court ruling

    Politics
  • Kevin Warsh tears up forward guidance on rate moves at the Fed

    Markets
    Kevin Walsh addressing a conference audience in a formal business setting, wearing a suit and gesturing with his hand.
  • Gold set for worst quarter in over 10 years as retail interest cools

    Markets
    Investors have been piling into gold for several reasons (Photo by Chris McGrath/Getty Images)
  • Bank of England should hold interest rates, City PM Shadow MPC says

    Economics
    Bailey Boe in professional attire speaking at a business conference with a presentation screen in the background.
  • What will markets make of the new chair of the Fed?

    Opinion
    Kevin Warsh, former Federal Reserve governor, speaking at a business conference, discussing economic policies.
  • Are we about to see one of the biggest shifts in monetary policy since the financial crisis?

    Opinion
  • What today’s central bankers can learn from the late Alan Greenspan

    Opinion
    Alan Greenspan speaking at a financial conference, emphasizing economic trends and monetary policy insights in a formal se...
  • Borrowing costs fall as interest rate hike fears ease

    Economics
    Keanu Reeves seen casually dressed during a public appearance in a local pub, engaging with fans and enjoying a relaxed at...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy