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Fed doubts on inflation grow, but rate hike likely soon, minutes show

From marketwatch.com

The Federal Reserve left the door open a crack for keeping interest rates unchanged until the end of year amid nagging doubts about the persistence of low inflation. Minutes of the Fed’s two-day meeting that ended Nov. 1 show the bank is still on track to raise interest rates soon, but the Fed used somewhat more ambiguous language than it did in September. “Many” Fed policymakers viewed an increase in the benchmark short-term rate as “warranted in the near term,” the minutes said. By contrast Fed officials in September agreed that a rate hike was likely “later this year.” U.S. stocks SPX, -0.05% were still in ... (full story)

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