Fed officials lay out case for December lift-off
There is broad consensus at the Fed that rates would move slowly after initial rise
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Washington
US FEDERAL Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long was now roughly in balance with the risk of moving too soon to normalise rates after seven years near zero.
Other Fed policymakers argued that inflation should rebound, allowing the Fed to soon lift rates from near zero though probably proceed gradually after that.
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