Economics
Fed Minutes Could Show Depth of Hawkish Rebel Camp in FOMC
- Fed watchers looking to tally hike support among non-voters
- Critical debate likely to center on labor market, inflation
UBS Sees Rates Rising in December Amid Mounting Pressure
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Minutes of the Federal Reserve’s September policy meeting could illuminate the degree of pressure Chair Janet Yellen faced from officials eager to raise interest rates, insights that could help guide expectations on the likelihood of a hike by year end.
The record of the meeting, during which policy makers left the federal funds rate target in a range of 0.25 percent to 0.5 percent, is scheduled to be released at 2 p.m. Wednesday in Washington. In a speech on Sunday, Fed Vice Chairman Stanley Fischer said the decision was a “close call.”