The minutes from the Federal Reserve’s September meeting were decidedly hawkish, with policymakers showing considerably more concern about inflation than about the labor market—and most officials expecting rates will need to rise again this year. The big one: “Most participants” ...
Inflation concerns deepened inside the Federal Reserve last month, with minutes from the July meeting showing several policymakers were prepared to raise interest rates immediately and many more believed a hike could eventually be necessary. Why it matters: The Fed ...