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Fed minutes likely to greenlight rate hike in December, but inflation debate still unsettled
The fine points from the Federal Reserve’s last big gathering are likely to confirm what Wall Street sees as glaringly obvious: The bank will jack up the cost of borrowing a few weeks before Christmas. The minutes of a two-day Fed meeting that ended Nov. 1 are widely expected to show the bank is poised to raise its benchmark short-term interest rate to a range of 1.25% to 1.5%. Fed VIPs convene again in Washington on Dec. 12-13 for their last meeting of 2017. Wall Street rarely agrees entirely on anything, but this time investors are totally in sync. The odds of a Fed rate hike in December are put at 100%, ... (full story)
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