Hilsenrath: Rate hikes again enter FOMC discussion

|By:, SA News Editor

The idea of lowering the unemployment rate threshold for rate hikes to something less than 6.5% "looks like it is going nowhere," says Jon Hilsenrath, leaning hawkish in his summary of the FOMC minutes.

On the one hand waving off news that "few" saw a chance of rate hikes relatively soon as the work of the committee hawks, Hilsenrath nevertheless finds it "striking" the idea of higher short-term interest rates has made its way back into FOMC discussions.

Holding steady for the most part following the minutes release, stocks are taking on some water as the close nears, Dow (DIA -0.3%), S&P 500 (SPY -0.5%), and Nasdaq 100 (QQQ -0.7%).