Fed minutes show rate hike could come 'soon'

August 17, 2016 6:01 PM

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Investors locked on one word from the Federal Reserve's minutes released Wednesday: Soon.

The Fed released the minutes from its July 26-27 meeting and investors saw a subtle shift in the central bank's stance indicating a hike in short-term interest rates is increasingly likely. "They (members of Federal Open Market Committee) judged that another increase in the federal funds rate was or...

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