Rate Hike and Fed

economy: Many analysts say that if the economy keeps improving, the Fed will likely raise its key short-term rate in September, according to CBC. That rate has been held near zero since 2008. The Fed gave no timetable for a rate hike but said it expects the economy gains to accelerate later this year. A statement issued after the Fed latest policy meeting noted that the job market, the housing industry and consumer spending are all improving. September hike possible Among economists, the Fed is seen as wanting to prepare investors for a coming rate hike - if the economy continues to improve - while stressing the reassuring message that it will raise rates very gradually. The Fed assessment contrasts with its previous statement in April, when it noted that the economy weakened during winter. (news.financializer.com). As reported in the news.