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Published on Thursday, January 7, 2016 | Updated on Friday, January 8, 2016

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FOMC Minutes: December 15th – 16th Meeting

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Summary

Liftoff a “Close Call” for Some Members as Inflation Uncertainty Lingers. Renewed downward pressure on oil prices and strong USD leading inflation concerns. Members agree on gradual approach in order to ensure continued economic improvement. Next rate increase expected in 2Q16 as FOMC waits to assess the lagged impact of liftoff

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