Economists: Fed rate hike off the table for June, in doubt for July

There is no chance the Federal Reserve will resume rate increases at its June policy meeting, and the odds of a July increase are fading, say economists after May's statistics revealed a sharp decline in hiring. Fed Governor Lael Brainard said in the speech Friday that the central bank should wait for more data before boosting interest rates. Some economists doubt the Fed will be able to raise rates before 2018.

MarketWatch (6/3),  USA Today (6/3),  The Wall Street Journal (tiered subscription model) (6/5)