December hike in focus despite FOMC inflation worries
Some Fed policymakers fret that inflation expectations are too low to bring inflation back to target
The minutes of the Federal Open Market Committee’s latest meeting will sharpen the focus on December for the Fed’s next rate hike, though several policymakers remain concerned about low inflation.
“Many participants thought that another increase in the target range for the federal funds rate was likely to be warranted in the near term,” say the minutes, which were published on November 22.
The FOMC is next due to meet on December 12–13, a meeting that will be accompanied by a press conference
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