Lack of inflationary pressure means Federal Reserve can be patient with rate hikes
With inflation still muted, officials said in December that the central bank could afford to be "patient''
Updated forecast projects two hikes in 2019, down from three
Core retail sales exceed expectations in November
Flat headline reading reflects oil-price plunge
The meeting minutes echo Fed chairman Powell's comments that hikes aren't on a pre-set course
Some economists say three rate increases for next year are beginning to look less certain
Next hike expected in December
Most economists expect next interest rate hike in December
Meeting minutes reveal diverging opinions, but gradual pace likely to continue