FIRST AIRED: June 2, 2016

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00:00:00
the federal reserve wrapping up a two day meeting wednesday reuters correspondent jonathan spicer says central bank watchers will be looking closely at fed chair janet yellin with only one thing in mind that is when they will raise interest rates of course out now all of the telegraph and we've had so far from the fed and from from yale and has been that it's coming this year you know if things pan out as they expect , to get that rate hike later this year they say now the key thing will be do we get any more insight as to whether the fed has hardened around that date %HESITATION is the fed getting spooked for example by what's happening in greece %HESITATION is the fed getting spooked by other developments in europe us to really some of the %HESITATION %HESITATION bond market sell off that we've seen if the fed sounds down that could delay expectations for those higher interest rates but rosier numbers on jobs in retail sales could keep the fed on course for the first rate hike in the u. s. in nearly a decade that could signal the beginning of the end of a period of change borrowing fueling record stock markets and easy mortgages for america