Nov
26
Fed Remains on Track to Raise Interest Rates Next Month
ByWASHINGTON — The Federal Reserve is preparing to raise its benchmark interest rate in December despite the concerns of some Fed officials about the persistent weakness of inflation, according to an account of the Fed’s most recent policy meeting.
The account, which the Fed published Wednesday, described officials as united in confusion about the reasons that inflation is weak but divided about the consequences. While some officials favored watching and waiting, a majority of Fed officials — including the chairwoman, Janet L. Yellen — have made clear that they are inclined to keep raising the Fed’s benchmark rate…
Fed Remains on Track to Raise Interest Rates Next Month
