Fed minutes signpost end to rate hikes

The Federal Reserve on Tuesday 3 January said it considers its 1-1/2 year long policy of raising U.S. interest rates is nearing an end, saying a statement after its December meeting aimed to signal only a few more increases were likely.

In a statement after its most recent meeting, Fed officials said "some further measured policy firming" was likely.

Minutes of that meeting released on Tuesday showed officials believed that language would suggest to financial markets that only a few more rate h