Aug
22
WASHINGTON—Federal Reserve officials at their last meeting signaled they were likely to raise interest rates next month and expressed more concerns than before that prolonged trade disputes could disrupt economic growth.
If the economy performs in line with officials’ expectations, “it would likely soon be appropriate to take another step” in raising the benchmark short-term rate, according to the minutes of the Fed’s July 31-Aug. 1 meeting, which were released Wednesday…
Fed Signals Rate Increase Next Month
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