Federal Reserve policymakers appeared confident on the eve of the US
presidential election that the economy was strengthening enough to
warrant interest rate increases soon, minutes from the Fed's November
1-2 meeting showed. The minutes released on Wednesday back the consensus
view on Wall Street that the Fed is poised to raise rates in December.
Policymakers left borrowing costs unchanged earlier this month, just
days before Republican Donald Trump triumphed in the Nov. 8 presidential
contest. Voting members of the Fed's rate-setting committee saw equal
risks the economy would overshoot or undershoot their forecasts for
continued growth and a tightening labour market.
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