Close-up on the Fed

Daily Freeman (Kingston, NY) - - BUSINESS -

The Fed­eral Re­serve re­leases on Wed­nes­day the min­utes of a two-day meet­ing of its pol­i­cy­mak­ers last month.

At the meet­ing, the panel de­cided against rais­ing short-term rates, but sig­naled that it will likely raise rates be­fore year’s end. The cen­tral bank noted that the U.S. job mar­ket has con­tin­ued to strengthen and eco­nomic ac­tiv­ity has picked up. Still, the Fed added that in­fla­tion is too low and that it wants to see fur­ther job mar­ket im­prove­ment.

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