August 18, 2016 Comments Off on Fed Says “Soon” to Rate Hikes Views: 392 California News, West

Fed Says “Soon” to Rate Hikes

Minutes from the Federal Reserve’s July meeting were recently released, and one word was particularly revealing. Committee members indicated that another increase in the federal funds rate was or would “soon” be warranted.

The next Fed meeting is scheduled in September. So far this year, the monetary policy body has not raised short-term interest rates, but had previously said it planned to return to a normalized status.

The group appears divided over a key issue: is the economy strong enough to warrant or withstand a rate hike? Strong job reports of late have added to speculation that the Fed would act to keep things in balance.

Read More at USA Today

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