The Federal Reserve praised improvements in the economy but says it wants to be more confident in the upswing before raising rates, leaving analysts split as to when that rate hike will come.
Fed chair Janet Yellen telling the world that the rate hike is not coming yet and it may not come for six more months. I'm Jonathan Spicer Reuters fed reporter. Just out of the Fed meeting where the message from the Federal Open Market Committee. Was that the economy has bounced back from the would do the winter lull. But the message specifically from Janet Yellen. Is that there are still problems in the labor market that she wants to see more definitive signs. Growth and sustained growth and that the wage gains and and positive steps we've seen on not. Front are only tentative. Looking at the fresh fed protections. We see sort of a struggle between those who want to have to hikes this year and those who want to have one hike this year. It seems that the question now. Instead of being baseline for a September rate hike. It's now either September. Or December.