Hilsenrath: Fed isn't near an agreement on Sept liftoff

The latest from the WSJ Fedwatcher

Recent comments from Federal Reserve members don't suggest they're near an agreement on raising rates, the WSJ's Jon Hilsenrath writes.

He notes that some Fed officials have fresh "trepidations about continued low inflation, the dollar's rise, China's economic slowdown and recent financial-market turbulence. Their concerns suggest the Fed could hold rates steady for now, until they're sure the global economy isn't headed for broader trouble."

He said the case isn't closed and internal deliberations continue and he also notes that the there is a middle ground that "could involve signaling more strongly the Fed's intent to raise rates this year once officials become comfortable recent market moves aren't a sign of deeper problems in the global economy."