NFIB Weekly News

NFIB Weekly News

Business Climate

Fed Officials Say Rate Increase Likely “Fairly Soon.”


Reuters (11/29, Schneider, Lange) reported, “Almost all Federal Reserve officials at their last meeting agreed another interest rate increase was ‘likely to be warranted fairly soon,’ but also opened debate on when to pause further hikes and how to relay those plans to the public,” according to minutes of their November meeting. While “an expected December rate increase was further cemented into place,” they “also indicated a potential shift in tone about the future.” Bloomberg News (11/29, Torres) reported that the minutes read in part, “Almost all participants expressed the view that another increase in the target range for the federal funds rate was likely to be warranted fairly soon.”

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