Sept's Fed rate decision a 'close call', hike could still come in Dec
Washington
LAST month's Federal Reserve decision not to increase interest rates was a "close call" for several policymakers, supporting views that a hike could come in December, said the minutes of a Fed meeting released on Wednesday.
Some other members of the Federal Open Market Committee (FOMC) also believed it would be "appropriate" to raise rates "relatively soon", said the notes from the meeting of Sept 20-21.
Through this year so far, the US central bank has held its current target r…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill