'Many' Fed members favour December rate hike: minutes
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
US central bankers are sharply divided over whether to increase interest rates again this year amid persistently weak inflation, but many still favour a hike, according to minutes released Wednesday.
Policymakers also said that the economic damage from back-to-back hurricanes since August would likely be only temporary, according to a record of the Fed's most recent meeting last month.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
