While you were sleeping: Fed officials flag hike

Tue, 16 Aug 2016

By Margreet Dietz Aug. 17 (BusinessDesk) - Wall Street moved lower, as did US Treasuries, as Federal Reserve officials suggested the central bank might raise interest rates soon. New York Fed President William Dudley said “it’s possible” the Fed might hike rates as early as next month. “We’re edging closer towards the point in time where it will be appropriate, I think, to raise interest rates further,” Dudley, vice chairman of the Federal Open Market Committee, said on Fox Business Network. Meanwhile, Atlanta Fed's Dennis Lockhart...

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