Federal Reserve releases minutes for its September meeting
Fed minutes show that "a few participants" at the September meeting said prices in futures markets "were currently suggesting greater provision of accommodation at coming meetings than they saw as appropriate."
Minutes revealed those concerns, along with some worry that a market clamoring for easier monetary policy might be getting ahead of itself. In addition, the minutes note that "several" participants thought the committee, in its post-meeting statement, should provide some guidance as to how long the Fed would remain accommodative due to concerns over tariffs. The final statement did not include that type of language.
Minutes showed that trade was the overriding concern. The issue garnered 28 mentions in the document, with members repeatedly expressing concerns about the impact tariffs were having on business activity.
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