Fed rate hike "at upcoming meetings" – Fed’s Fischer

FXStreet (Mumbai) - Stanley Fischer, the Vice-Chair of the Federal Reserve (Fed) Board of Governors, suggested at a conference in the UK on Tuesday that he and his colleagues will consider raising the federal funds rate "at upcoming meetings."

Fischer added, "And while the link between wages and inflation can be tenuous, it is encouraging that we are seeing tentative indications of acceleration in labor compensation."