NEWS ALERT : Fed Minutes Signal December Rate Rise Likely, but Less Certain Path Next Year
Federal Reserve officials signaled plans to raise interest rates next month, but they appeared more tentative about maintaining a pace of quarterly increases after that, minutes of the central bank's recent policy meeting show.
Almost all participants at the Nov. 7-8 meeting believed another rate increase "was likely to be warranted fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations," the minutes said.
Impact : Strong
Sentiment : Neutral for Dollar
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