After raising rates last December for the first time in almost a decade, Fed policy makers have stood pat on borrowing costs in the six meetings since. While the dollar gained to the highest since March on Friday on speculation that rates may soon climb, it remains lower this year. It surged to $1,375.34 in July after the aftermath of the Brexit vote in the UK, the highest since March 2014. Central bank officials next meet 1-2 November, the week before the US presidential election, and again in mid-December. Williams—who doesn’t vote on policy this year—also said he would have supported a September increase.

Source: Mint October 24, 2016 03:00 UTC