Nov 23, 2017 9:02 AM | Daily Market News
After yesterday's meeting of the US Federal Reserve, participants signaled a rising probability of a rate hike next month. However, the Fed members seem to be divided on how much inflation should drive the monetary policy. According to the meeting minutes, one group opts for a timely rate increase. Some members, however, are opposed to an early rate increase in view of the low inflation and the core question of whether the current weakness in inflation is a temporary or a permanent phenomenon.