Fed Pivots Toward December Rate Rise Amid Moderate U.S. Growth
- Officials say they're considering a move at `next' Fed meeting
- Statement drops warning about global slowdown restraining U.S.
The Fed Rate Rise: Is the Wait Nearly Over?
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Federal Reserve officials pivoted toward a December interest-rate increase, betting that further job gains will lead to higher inflation over time and allow them to close an unprecedented era of near-zero borrowing costs.