Fed rate hike still eyed for December

Concern about the persistence of slow inflation was the dominant topic at the Federal Reserve’s most recent policymaking meeting in September, but most officials were still inclined to raise the Fed’s benchmark interest rate this year.

The Fed is likely to raise rates so long as the medium-term economic outlook remains unchanged, according to an official account of the meeting that the Fed published Wednesday.

The Fed expects slower growth for a few months, but