FOMC minutes spell out inflation concerns

Federal Reserve
Federal Reserve, Washington, DC

Several members of the Federal Open Market Committee (FOMC) harboured concerns over the outlook for inflation at their September meeting, minutes released on October 8 show – contributing to the decision to keep the federal funds rate on hold.

While "many" members gained greater confidence in the path of inflation later this year, "several" were concerned the return to 2% could be delayed. The FOMC meets next October 27–28.

The chief source of concern was the potential for "additional downward

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