The FOMC minutes of the September meeting revealed little new. Many members thought the conditions for a rate hike had either been met or would be met soon, but several members believed there were greater downside risks to inflation than previously.
"In their view, although the time for policy normalization might be near, it would be appropriate to wait for information, including evidence of further improvement in the labor market, confirming that the outlook for economic growth had not deteriorated significantly and that inflation was still on a path to return to 2 percent over the medium term."


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