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Fed Officials Keep Eyes on Mid-2015 Rate Rise

Posted October 10, 2014

Under Economic Issues, International Trade Issues

(Ann Saphir – Reuters)

The Federal Reserve will probably start raising interest rates around the middle of next year, two top officials at the U.S. central bank said on Thursday, although both said the exact timing will depend on the economy.

“What we think now is that the capital markets have it more or less right but we don’t ourselves know when we’re going to do it,” Fed Vice Chairman Stanley Fischer said in Washington. “On the basis of our forecasts of the data ... it looks like markets more or less have it right - somewhere in the middle of the year.” Read more here.