US Federal Reserve still on course to hike rates in 2015

The June meeting of the US Federal Reserve’s Monetary Policy Committee, held last week, concluded with no changes being made, which was in line with the market consensus, writes Oliver Mangan.

The decision to leave policy unchanged was unanimous, for a fourth consecutive meeting.

In her post-meeting press conference, Federal Reserve chair Janet Yellen stated that the Fed “judged that economic conditions do not yet warrant an increase” in interest rates.