Fed vice chair says rate hike 'expectation, not commitment'

The US Federal Reserve's plan to raise interest rates by the end of the year is not guaranteed, although it remains the expected course of action, the central bank's vice chairman said Sunday. Last month, the Fed said it plans to raise rates later in 2015, assuming further improvement in the US labor market and continued economic growth. In his comments, on the sidelines of the International Monetary Fund's annual meeting in Lima, Peru, Fischer noted that the US economy continues to grow at a "m