Fed policymakers edge closer to December rate hike, minutes show

November 18, 2015 8:10 PM

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Federal Reserve policymakers decided at their last meeting to signal they could raise a key interest rate in December because economic risks from abroad had eased, but they opted to wait on a hike out of concerns about a slowing job market and low inflation.

An account of the late October meeting, released Wednesday after the usual three-week lag, showed central bank officials were edging closer to the first hike in the so-called federal funds rate in nearly a decade.

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