Washington - Federal Reserve officials believe that a June interest rate hike is likely at the central bank’s next meeting in June if the economy keeps improving.

Fed officials decided against raising rates at its April meeting. But minutes of the gathering released Wednesday showed that there was a widely held view that it “likely would be appropriate” to raise rates at the June 14-15 meeting as long as the economy and labor markets continue to strengthen and inflation shows signs of accelerating.

The minutes, released after the customary three-week lag, were for the meeting of April 26-27. The Fed voted 9-1 to keep leave interest rates unchanged at that meeting while noting waning threats from the global slowdown.

The Fed boosted its key rate by a quarter-point in December and indicated at the time that it expected to move rates up four times in 2016. But financial market turbulence in January, sparked by an unexpectedly sharpl slowdown in China and weakness in the U.S. economy during the first three months of this year, has kept the Fed on the sidelines.... Read More: VIN