Fed likely to raise rates in December but concerns mounting: minutes
US central bankers believe another interest rate hike is due "fairly soon," boosting widespread expectations the Federal Reserve will raise lending costs next month, according to meeting minutes released Thursday.The minutes from the rate-setting Federal Open Market Committee's November 7-8 meeting showed a rising level of uncertainty in the central bank about the near future.Stocks had also rallied Wednesday after Fed Chairman Jerome Powell said interest rates were already close to estimates of
Read more »