Not all of the seven who point to June vote this year on the Fed's ten-member policy setting committee, but all participate in policy discussions. The Fed is likely at its March 17th and 18th policy meeting to remove language saying the central bank will take a "patient" approach to raising rates, taking away the final verbal constraint to a June rate hike, current and former Fed officials say. "It's likely they remove 'patient' in March," said David Stockton, a former Fed research director now at the Peterson Institute for International Economics. "Even if Yellen might not, left to her own devices, be ready to move on rates, there is probably a growing sentiment that the time is getting closer." The use of the word "patient" signals that the Fed would wait at least two more meetings before considering a rate hike. If the Fed later this month says it remains patient, then a June increase is off the table, likely pushing the decision to September when the Fed is scheduled to hold a press conference after its meeting. Stockton said he personally expects a September liftoff.
Washington (AFP) - Twitter said Monday it was working with law enforcement officials on unspecified threats, amid reports that the social network had been targeted for blocking accounts linked to the Islamic State.
Prime Minister Benjamin Netanyahu denied Monday that his upcoming speech to the US Congress was a slight to President Barack Obama, and insisted the US-Israeli alliance remains strong. Netanyahu is due to address Congress on Tuesday to lobby against ongoing US efforts to reach a deal with Iran to curtail its nuclear program. "My speech is not intended to show any disrespect to President Obama or the office that he holds.