FOMC Minutes: "Appropriate to raise the target range for the federal funds rate relatively soon"

There are still different views, but most participants think it will be appropriate to raise the Fed Funds rate "relatively soon". (probably means December) From the Fed: Minutes of the Federal Open Market Committee, November 1-2, 2016 . Excerpts: Most participants expressed a view that it could well become appropriate to raise the target range for the federal funds rate relatively soon , so long as incoming data provided some further evidence of continued progress toward the Committee's objectives. Some participants noted that recent Committee communications were consistent with an increase......(read more)

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