Fed Officials Expect to Hike Rates Again Before the Year Ends. Odds of it Happening in October Remain Low.

Federal Reserve officials expect to hike interest rates again before the year ends, according to the minutes of the FOMC's latest meeting. (Credit: AFP)

Federal Reserve officials expect to hike interest rates again before the year ends, according to the minutes of the Federal Open Market Committee's (FOMC) latest meeting.

"Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end," reads a passage of the document.