According to the minutes released Wednesday afternoon, U.S. real gross domestic product (GDP) expanded at a faster pace in the third quarter than in the first half of the year and labor market conditions continued to strengthen in recent months.
""(Federal Open Market Committee) Members generally agreed that the case for an increase in the policy rate had continued to strengthen. However, members emphasized that the actual path of the federal funds rate would depend on the economic outlook as informed by incoming data,"" said the minutes.
" Mackenzie Bosisto
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