You are here

Fed shows support for 3rd rate hike

WASHINGTON (AP)  Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate. However, a few felt any further rate hikes should be delayed until they see inflation moving higher. Minutes of the Fed's Oct. 31-Nov. 1 meeting showed that many officials believed a third rate hike this year will likely be warranted if incoming data leaves the medium-term outlook unchanged. But "a few" officials remained worried that inflation has failed to accelerate toward the Fed's 2 percent goal as expected. They suggest that the central bank needs to remain cautious in pushing rates higher.

The Lawton Constitution

102 SW 3rd, Lawton, OK
Classifieds: (580) 357-9545
Circulation: (580) 353-6397
Switchboard: (580) 353-0620