Fed September minutes: December rise likely

12 October 2017

 

The minutes of the FOMC’s September meeting added little to the market’s view of the timetable for U.S. rate increases. Financial markets reflected this and bond yields moved ever so slightly lower after the minutes were released. However, for those in doubt of another rise in the federal funds rate this year, it is worth considering the following statement from the minutes. “Consistent with the expectation that a gradual rise...

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