FOMC minutes sap confidence in December rate hike
Tone increases the risk of a later liftoff, says one economist
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Washington
MANY economists still take Federal Reserve policy makers at their word and predict the central bank will raise interest rates this year. Yet, even their confidence was shaken a bit on Thursday after the Fed released the minutes of its most recent policy meeting.
"We're still in the camp of December," said Thomas Costerg, a senior economist at Standard Chartered Bank in New York. "For now we're going to trust them, but they seem to find a lot of excuses each time" not to raise rates.
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