Federal Reserve System: Why Greece, China And Puerto Rico Could Prevent The FOMC From Raising Rates In 2015

Even before Greeks voted to reject bailout proposals from the country's creditors and China's stock market began to tumble this week, the U.S. Federal Reserve was questioning its stance on an interest rate increase planned for sometime later in 2015. At the Federal Open Market Committee meeting on June 16 and 17, officials wondered whether a hike would be "premature" in the face of uncertainty in Greece and China, according to minutes from meeting released Wednesday.