Fed Is Unlikely to Raise Interest Rates in June, Minutes Show

``Economic weakness in the early months of the year has persuaded most Federal Reserve officials that June is probably too soon to start raising the Fed's benchmark interest rate. But they are not planning to wait much longer. Officials at the Fed's most recent policy-making meeting, in late April, described the slow start to the year as mostly caused by temporary factors like a cold winter and disruptions at West Coast ports, and they generally predicted a rebound.'' -- So in other words, when the economy undeniably craps out, there will be no rate rise at all...