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With one last opportunity to raise rates this year, many believe that the Federal Open Market Committee (FOMC) just may follow though with an obscure promise made in the last meeting in October.
The final meeting, set to take place December 15th-16th, will be the huge unveiling as to whether or not the Fed will raise interest rates. Much of the pressure surrounding this decision is stemming from the upcoming November jobs report set to be released this Friday.
However, as the job reports have been mostly positive in recent months, the Friday report is likely to be good enough to initiate the rate hike.
The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto Coast to Coast.
