Federal Reserve meeting minutes: A minority of officials believe there is justification for not cutting rates in September
Jinse Finance reported that the Federal Reserve meeting minutes showed: A minority of officials believe there is justification for not cutting rates in September. One participant leaned toward a half-point rate cut at last month's meeting. Officials noted a slowdown in job growth and a further rise in the unemployment rate. Most participants emphasized the upside risks to their inflation outlook. The majority of officials believe that although recent inflation remains high, it will gradually return to target levels.
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