Fed minutes suggest more rate rises

Minutes from the Federal Reserve's 20 September meeting were published on Tuesday 11 October. FOMC members believed more interest-rate increases would be needed to keep inflation down when they raised interest rates at their last meeting, the minutes said.

"Even after today's action, the federal funds rate would likely be below the level that would be necessary to contain inflationary pressures, and further rate increases probably would be required," the minutes said.

Fed Governor Mark Olson di