Federal Reserve Bank of Minneapolis President Narayana Kocherlakota: the Fed should wait until the second half of 2015 before starting to hike its interest rate

Market news

13 April 2015

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota: the Fed should wait until the second half of 2015 before starting to hike its interest rate

The Federal Reserve Bank of Minneapolis President Narayana Kocherlakota noted on Friday that the Fed should wait until the second half of 2015 before starting to hike its interest rate.

"Under my current outlook, I continue to believe that it would be a mistake to raise the target range for the fed funds rate in 2015," Mr. Kocherlakota said.

Italian industrial output climbs 0.6% in February

Foreign exchange market. European session: the euro declined toward 1-month low against the U.S. dollar in the absence of any major reports from the Eurozone

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