Most Fed officials open to December interest-rate hike

The majority of Federal Reserve officials were open to a rate hike in December, according to the minutes of the U.S. central bank’s October meeting released on Wednesday.  Most participants anticipated that the conditions for beginning to raise interest rates could well be met by the time of the next meeting that is scheduled for the 15th and 16th of December the minutes said.

Fed officials signalled in their October statement, for the first time, that they would contemplate a rate hike at their next meeting.

The majority of Fed officials said this didn’t mean a rate hike in December was automatic and that it left their options open, but a minority on the committee thought this could be misinterpreted as signalling too strongly the expectation that rates would be increased at the next meeting.

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