Will The Federal Reserve Raise Interest Rates Or Punt To December? Last Hike Was Nearly A Year Ago
November 2, 2016
The U.S. Federal Reserve likely will set the stage for a December interest rate hike when it ends its two-day November meeting Wednesday.
Observers do not expect the Federal Open Markets Committee to impose a rate hike this month, but with employment and inflation strengthening, a December rate hike is all but inevitable. Raising interest rates this month has been all but ruled out because of next week’s general election.
The Fed’s decision will be announced at 2 p.m. EDT.