A much-anticipated increase in a key interest rate is looking less likely this year amid lackluster job growth and a slowing global economy.
On Tuesday, Federal Reserve Gov. Daniel Tarullo said he didn't anticipate a hike in the so-called federal funds rate before the end of the year — signaling a shift by central bankers from just two weeks ago.
He told CNBC-TV that he was concerned that the ramifications of a premature interest rate hike, which could slow the U.S. economy, “might be harder to deal with than waiting a bit longer.”
Tarullo's comments followed those of Fed Gov. Lael Brainard, who this week publicly argued “the case for watching and...