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Economy News
 
Fed policymakers say rate increase likely warranted soon - minutes
23-Nov-2017

Many Federal Reserve policymakers expect that interest rates will have to be raised in the “near term,” according to the minutes of the U.S. central bank’s last policy meeting released on Wednesday.The readout from the Oct. 31-Nov. 1 meeting, at which the Fed kept rates unchanged, also showed policymakers generally agreed the economy was poised for strong growth. Several Fed officials also saw improved chances that the U.S. Congress would pass significant tax cuts that would boost business investment.

News Source:- https://in.reuters.com/article/usa-fed-minutes/fed-policymakers-say-rate-increase-likely-warranted-soon-minutes-idINKBN1DM2IK