by Peter Spence, Economics Correspondent
US interest rates could rise again as soon as this June, the Federal Reserve signalled on Wednesday, as it suggested that risks to the global economy have receded.
The central bank elected to hold its rates at 0.25pc to 0.5pc at its April meeting, but left the door open for an increase in two months’ time.
Members of the Federal Open Market Committee (FOMC), which decides on US interest rates, said that job market conditions had “improved further even as growth in economic activity appears to have slowed”.
Crucially, the FOMC omitted a previous reference to the risks posed by “global economic and financial developments” from its April statement.