Wall Street Journal staffer Min Zeng reports on growing speculation around Fed deliberations over whether to raise basic interest rates.

As we, and many others have written, drama around the Fed moves focuses on the good-news-bad-news signals that the gesture sends out. A move would reflect confidence in a directionally solid economic recovery--albeit slow--and at the same time, the dollar values a rise could lead to may impact home buyers' monthly payment power.

All the conjecture aside, nobody really knows what a Fed move will do, either to Wall Street investors' sentiment, or to home buyers' pocketbooks. Zeng writes:

Investors have been girding for a rate increase since the start of the year. Expectations have been growing lately after Fed officials sent a stronger signal in their late-October meeting that they were on course to raise rates before the end of the year.

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