WASHINGTON - An apparent shift in policy by the Federal Reserve that ends a six-month period of neutrality on short-term interest rates does not signal that rates will begin moving up anytime soon, analysts said yesterday.

Analysts agreed that Fed officials have fired a warning shot at the bond market that they are willing to raise rates if the economy shows more vitality and if inflation fears do not subside.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.