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Another Fed Rate Hike Might Be Due By Year End, Fed Minutes Show
Stocktwits ·
Stocktwits reports: Most Federal Reserve officials expect another hike may be necessary before the year ends, according to meeting minutes released Wednesday, after unanimously voting to raise interest rates at their September meeting. The record of the Sept. 15–16 Federal Open Market Committee (FOMC) meeting revealed broad agreement among all 19 policymakers to lift the central bank’s benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%. The policy adjustment…