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Every Fed policymaker was on board for September rate hike: minutes
Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting. Every policymaker backed the Fed’s September rate increase, according to the minutes of the Sept. 25-26 meeting, published Wednesday. The display of unanimity could bolster expectations the central bank will raise rates a fourth time this year in December. Participants in the FOMC rate-setting committee “generally anticipated that further gradual increases” in short-term ... (full story)