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 * Economy
 * Central Banks


FED PREPARES TO SKIP JUNE RATE RISE BUT HIKE LATER


OFFICIALS WOULD SLOW INCREASES TO ASSESS MORE DATA ON THE ECONOMY AND BANK
LENDING

FED GOVERNOR PHILIP JEFFERSON HAS BEEN NOMINATED TO SERVE AS THE CENTRAL BANK’S
VICE CHAIR.

Photo: Drew Angerer/Getty Images
By
Nick Timiraos
Updated May 31, 2023 7:17 pm ET | WSJ Pro

Print

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Federal Reserve officials signaled they are increasingly likely to hold interest
rates steady at their June meeting before preparing to raise them again later
this summer.


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