Economics
Fed Officials Are Concerned About Hot U.S. Labor Market
- Minutes of last FOMC meeting may reveal concern at overheating
- U.S. jobless rate of 4.1% balanced by inflation under target
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Federal Reserve officials have penciled in a gradual path for raising interest rates, but minutes of their last meeting may show increasing concern that the U.S. labor market is overheating.
Scheduled for release at 2 p.m. in Washington on Wednesday, the minutes of the Federal Open Market Committee’s Oct. 31-Nov. 1 closed-door debate could harden investor expectations for a further tightening of monetary policy even though inflation remains below its 2 percent target.