Top Highlights

• The minutes suggest that while a majority of Fed officials believe the risk of high inflation has receded, concerns remain about the potential impact of tapering policy restrictions too quickly.
• The minutes noted that the U.S. economy remained “solid,” but growth forecasts for the second half of 2024 were revised downward due to weaker-than-expected labor force indicators.
• expressed uncertainty about the level of the long-term neutral interest rate, making it difficult to assess how much tightening would be appropriate. As a result, many participants agreed that a gradual reduction in policy restrictiveness would be the most prudent approach.
• minutes of its September meeting
• At the September meeting, all members ultimately supported the rate cut,

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