FOMC Minutes: Many Fed officials saw another rate hike warranted this year


The minutes from the Federal Reserve’s September (19th & 20th) monetary policy meeting have been released, revealing that many Fed officials saw another rate hike warranted this year.

Key highlights (via Reuters):

  • Many Fed officials saw another rate hike warranted this year
  • Many Fed officials concerned low-inflation not only transitory
  • A few Fed officials wanted hikes delayed until inflation higher
  • Some patience warranted while assessing inflation
  • Several Fed officials said hike should hinge on incoming data
  • A few officials pointed to upside inflation risks due to tight jobs
  • Fed officials saw next few inflation reports affected by storms
  • Most officials saw wages picking up as labor market strengthens

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