Fed Minutes Signal Readiness for December Rate Increase

November 18, 2015 7:10 PM

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Fed Minutes Signal Readiness for December Rate Increase

WASHINGTON — The Federal Reserve, setting aside its habitual reticence, is issuing increasingly explicit warnings that it is likely to start raising its benchmark interest rate in December.

Most Fed officials think the economy will be ready for higher rates, the Fed said in its latest salvo, an official account of its October policy-making meeting, which it published Wednesday.

Also read: ECB Extends but Scales Back Stimulus, Whipsawing Markets

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