Federal Reserve Releases September Meeting Minutes

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The Federal Reserve has released the minutes from its meeting last month. What has chatter news learned exactly right. So those minutes coming out earlier this afternoon showing that FED officials had conflicting opinions about what the board would need to raise rates again this year. While the meeting summary says, quote, a majority of participants judge that one more increase in the target federal funds rate at a future meeting would likely be appropriate while some it was likely that no further increases would be warranted while the board did agree that its monetary policy should remain restrictive for some time until the committee is confident that inflation is moving down sustainably towards its objective at its September meeting. The fed board left rates unchanged between five and a quarter and 5.5%. The board has raised rates 11 times since March of last year as it works to curb inflation. And its next meeting is scheduled for October 31st and November 1st.