Fed Update : Fed on Track for December Rate Rise, but Inflation Worries Persist
Federal Reserve officials said at their latest meeting they likely would raise short-term interest rates "in the near term" due to a strengthening economy, although several said their support for the move would hinge on whether they see inflation picking up.
Minutes of the Oct. 31-Nov. 1 meeting, released Wednesday with the usual three-week lag, indicated that officials thought inflation, which has been persistently weak in recent months, could stay below their 2% annual target for longer than many expected.
Impact : Medium
Sentiment : Bad for Dollar
Federal Reserve officials said at their latest meeting they likely would raise short-term interest rates "in the near term" due to a strengthening economy, although several said their support for the move would hinge on whether they see inflation picking up.
Minutes of the Oct. 31-Nov. 1 meeting, released Wednesday with the usual three-week lag, indicated that officials thought inflation, which has been persistently weak in recent months, could stay below their 2% annual target for longer than many expected.
Impact : Medium
Sentiment : Bad for Dollar
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Ghinie
HP : 082135656333
PIN : 2B8F7267
Email :kedaitrader@zoho.com
Website : www.kedaitrader.com
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