Fed meeting minutes: A minority of officials believe there is a rationale for not lowering interest rates in September, while the majority of participants emphasized the upside risks to the inflation outlook.

On October 9, the Fed meeting minutes indicated that a minority of officials believed there was reason not to cut interest rates in September. One participant leaned towards a half-point cut at last month's meeting. Officials noted a slowdown in job growth and a further rise in the unemployment rate. Most participants emphasized their concerns about the upward risks to the inflation outlook. The majority of officials believe that recent inflation levels remain high but will gradually return to target levels. ( Jin10 )