Fed officials link rate increase to economic data

Published October 8, 2014 8:27pm ET



WASHINGTON (AP) — Federal Reserve officials, worried about weak growth overseas, agreed last month that they would begin raising interest rates only when measures of the economy’s health and inflation signaled the time was right.

Minutes of the Fed’s discussions at the Sept. 16-17 meeting released Wednesday showed that officials expressed rising worries about lackluster growth in Europe, as well as slowing growth in Japan and China.

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