While you were sleeping: Fed bolsters December hike bets

Wed, 01 Nov 2017

By Margreet Dietz Nov. 2 (BusinessDesk) - Wall Street was mixed, after the three US benchmark equity indexes touched fresh record highs, amid optimism about corporate earnings, while Federal Reserve policy makers cemented bets for a December interest rate increase. The Federal Open Market Committee, in a unanimous vote, kept its target interest rate unchanged. Recent data shows that "the labour market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions," the Fed...

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