Fed opens door to December move
Hilsenrath points out that the Fed noted it was looking at the 'next' meeting in particular.
Fed officials suggested they had become less concerned in recent weeks about turbulent financial markets and uncertain economic developments overseas. They also pointed specifically to the next meeting as a time when they would be assessing whether it was time to raise rates.
Prior statement: "In determining how long to maintain this target range, the Committee will assess progress."
New statement: "In determining whether it will be appropriate to raise the target range at its next meeting."
