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Federal Reserve minutes said officials unanimously backed last month's quarter-point rate increase and that most viewed another hike by year-end as likely. The minutes also said future decisions will depend on incoming data.
Minutes from the Sept. 15-16 FOMC meeting said most participants viewed another increase in the fed funds target range as likely appropriate by year end, while stressing that future decisions would depend on incoming data.
Federal Reserve officials agreed to raise interest rates at the Sept. 15-16 meeting but differed on the reasons, according to minutes released Wednesday.
Federal Reserve minutes showed officials unanimously supported last month’s quarter-point rate increase, but differed on whether more tightening is needed. The minutes said most participants still viewed another increase by year end as likely, while incoming data will guide the next decision.