While you were sleeping: US rate hike in focus

Tue, 04 Oct 2016

By Margreet Dietz Oct. 5 (BusinessDesk) - Wall Street declined as the latest comments from Federal Reserve officials underpinned bets the central bank will raise interest rates, possibly as early as next month. “I would expect that the case would remain compelling” for a rate hike when the Federal Open Market Committee gathers in Washington November 1-2, Cleveland Fed President Loretta Mester told Bloomberg in an interview. Meanwhile, Richmond Fed's Jeffrey Lacker told reporters he would have voted in favour of an interest rate increa...

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