The central bank said the economy is strengthening, and hinted strongly that most policymakers believe it can sustain the second rate hike since the 2008 financial crisis.
Rates should 'come in' a bit into next month, before rising sharply in 2017, when the 10-year Treasury note should test the 2.4% if not the 3% level.
'The biggest macroeconomic problem we'll have is a lack of labor; we're at full employment,' a Moody's Analytics economist says. 'It's going to feel good.'
The last pre-election week includes a quiet Fed and a likely upbeat jobs report as an election storm develops.
Growth was better in the third quarter -- but still not great. Is it enough to affect the election?
Exports may increase, but investors may be hesitant to invest in British markets, and U.K. businesses may face shortages of skilled employees.
The dollar has strengthened over the past few months, largely because of Brexit.
U.K. inflation accelerates the most since 2014 as the pound decline hits domestic prices.
Big surprise from minutes of the Fed's last monetary policy meeting: Even most doves said the September decision not to raise interest rates was a close call
Gain of 156,000 jobs misses forecasts of about 170,000, as unemployment rate rises to 5% -- but near-stasis helps the leader
The nation's private employers added 154,000 jobs in September, slightly below forecasts, but hiring appears solid in most of the swing states that will determine the next president.
'The number' is 169,000 new jobs. Miss in either direction, and watch politicians howl, since the presidential election is only a little more than a month away.
The good news is less exciting when you look beneath the surface, though, and it doesn't change the outlook for interest-rate hikes. Look for one in December.
Three of the 10 voting members of the Fed's monetary policy committee wanted to raise the target range for short-term interest rates by a quarter of a point.
Conflicting views from Fed officials led to the market volatility in the last couple of days as the debate for when to raise interest rates continues.