Fed Update : Fed on Track for December Rate Rise, but Inflation Worries Persist - Kedai Saham
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Thursday, November 23, 2017

Fed Update : Fed on Track for December Rate Rise, but Inflation Worries Persist

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

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