Market News / Story
Fed Minutes Hint to Another Hike This Year: Traders Don't See It Coming In October
Benzinga ·
Benzinga reports: Every Federal Reserve policymaker backed last month’s rate hike. Yet traders now see little chance of another hike in October. Minutes of the Sept. 15-16 Federal Open Market Committee (FOMC) meeting, released Wednesday, show a central bank united on raising rates and leaning toward another hike. “Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end,” the minutes said. Why The Fed Hiked The…