Interest rate hike appears "likely" for U.S. - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Interest rate hike appears "likely" for U.S.

Interest rate hike appears "likely" for U.S.

Posted: Updated:

Posted By: Channel 8 Eyewitness News

8@klkntv.com

ABC News

It appears more likely we will see an interest rate hike from the federal reserve when it meets next month.

Minutes of the fed's last meeting, released Wednesday, show officials believe it would be appropriate to raise a key interest rate "relatively soon".

Some argued the fed needs to preserve its credibility and that if it did not raise rates in December it runs the risk of harming that credibility after giving so many signals about an impending rate hike.

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