Fed policymakers confident of need for rate hikes on eve of Trump win - GIC Wealth Management

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For Your Information Fed policymakers confident of need for rate hikes on eve of Trump win

Fed policymakers confident of need for rate hikes on eve of Trump win

Fed policymakers confident of need for rate hikes on eve of Trump win

WASHINGTON, Nov 23 (Reuters) – Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed’s Nov. 1-2 meeting showed.

The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest.

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