It is unlikely that the Federal Reserve will increase interest rates at their next meeting in April. Minutes from their last meeting indicate Fed Officials are backing a more cautious approach to raising rates.
The minutes cited concern that global economic and financial volatility could pose downside risks to the US economic outlook. They are looking for clearer signals that an increase in rates won’t derail growth in the US economy.
The Fed raised the benchmark Fed Funds rate in December, 2015 by .25%, ending 7 years of rates near zero. Since then they have revised their interest rate forecast for only 2 increases in 2016 rather than the 4 increases they initially projected.
Given their concerns about global influences, many expect the Fed to wait until their June meeting for the next rate increase.