US Central Bank Signals Possibility of Earlier Rate Hike

March 18, 2015 07:57 PM
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The U.S. Federal Reserve sent a message Wednesday that an interest rate hike is on the way, but it is not imminent. And it did so by removing just one word from its previous guidance to the financial markets. The central bank says a rate hike is unlikely at its next meeting in April, and analysts say that could mean rates could go up as early as June of this year. VOA's Mil Arcega explains.