Fed minutes suggest rates may stay on hold

The Federal Reserve may keep interest rates on hold for an extended period after minutes of its September policy meeting, released Wednesday 11 October, showed the central bank was still wary of inflation risks.

The minutes said readings on core inflation "pointed to a modestly better inflation outlook" than in August but it continued to see a "substantial risk that inflation would not decline as anticipated".

Many committee members emphasised they were "quite concerned about the outlook for in

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