Federal Reserve meeting minutes show cooling labor market, overall inflation rate estimated at 2.8%

ChainCatcher news, according to Golden Ten Data, the minutes of the Federal Reserve's October meeting show that the actual GDP growth rate slowed down in the first half of this year, and information on the labor market was limited due to the federal government shutdown. Existing indicators suggest that the labor market continues to gradually cool down, with no signs of sharp deterioration. Consumer price inflation has risen since the beginning of the year, with the overall inflation rate estimated at 2.8% in September, and the core PCE inflation rate is also estimated at 2.8% for the same period.