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Full Version: Fed's debate shifts from lift-off to long march to normal
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It seems the schedule of rate hike, is as usual...

Fed confident on U.S. growth, opens door wider to rate hike

WASHINGTON - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.

Closing out a two-day meeting against a backdrop of solid domestic growth but trouble overseas, the U.S. central bank said it would take a "patient" approach in deciding when to bump borrowing costs higher.

Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of meetings," meaning April of next year at the earliest.
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http://www.todayonline.com/business/fed-...-rate-hike
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