FRB Minutes Signal Rate Hike Could Happen in December

According to the Federal Reserve Board (FRB) November minutes released last Wednesday, members of the Federal Reserve's governing board largely concluded that economic data support an interest rate increase in December, as reported by the Wall Street Journal.

While the FRB discussions occurred before the election of Trump as president, FRB Chair Janet Yellen indicated at Congress’s Joint Economic Committee last week that the election has not changed Fed's plans for a rate increase "relatively soon."

The CME Group's FedWatch barometer, which tracks investors' moves in the futures market, showed the probability of a hike in December at 93.5 percent.

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