Economics
Fed's Job Gets a Lot More Complicated After Likely December Hike
- Risks increase as foreign growth slows and financing tightens
- Strong job market and growth momentum help case for more hikes
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For Federal Reserve Chairman Jerome Powell, the days of straightforward policy meetings are numbered.
An interest-rate increase at the Dec. 18-19 gathering of the U.S. central bank is priced at around 70 percent odds and the case for a move, backed up by comments from Powell and his colleagues this week, is supported by strong economic growth and ultra-low unemployment.