Fed Meeting Minutes: A few officials believed that holding interest rates steady in September was justified, with most participants emphasizing the upside risks to the inflation outlook.

BlockBeats News, October 9th, the Federal Reserve meeting minutes indicated that a few officials believed that it was reasonable not to cut interest rates in September. One participant leaned towards cutting rates by half a percentage point at last month’s meeting. Officials noted a slowdown in job growth and a further increase in the unemployment rate. Most participants emphasized the upside risks to their inflation outlook.

Most officials believed that recent inflation levels remained stubbornly high but would gradually return to the target level. (FXStreet)