While you were sleeping: Fed flags December hike

Wed, 02 Nov 2016

By Margreet Dietz Nov. 3 (BusinessDesk) - Wall Street fell, while US Treasuries rose, after Federal Reserve policy makers opted to keep interest rates steady but suggested the odds had risen for a December hike. “The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives,” the Federal Open Market Committee said in a statement at the end of its two-day meeting. Cleveland Fed Presid...

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