Bloomberg Originals
@business·5.1M subscribers·49.5K videos
The Fed Rate Rise: Is the Wait Nearly Over?
Posted
October 29, 2015
Views
1,755
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10
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October 29, 2015
1,755
10
0.57%
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1:49Now PlayingOctober 29 -- Federal Reserve officials pivoted toward a December interest-rate increase, betting that further job gains will lead to higher inflation over time and allow them to close an unprecedented era of near-zero borrowing costs. The Federal Open Market Committee dropped a reference to global risks and referred to its “next meeting” on Dec. 15-16 as it discussed liftoff timing in a statement released Wednesday in Washington, preparing investors for the first rate rise since 2006.
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