monetary-policy
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Minutes of the Fed's FOMC show a unanimous 12-0 vote in September to raise the federal funds target range to 3-3/4 to 4 percent
The Federal Reserve released minutes of the Federal Open Market Committee's September 15-16 meeting on October 7. They show all 12 voting members supported raising the target range for the federal funds rate a quarter percentage point, to 3-3/4 to 4 percent, effective September 17, with none voting against. The minutes record one vote but different reasons: many participants called the higher path prudent on risk-management grounds, a number called it necessary on their own forecasts, and most assessed another increase would likely be appropriate by year end.
Also filed underfederal-reservefomcinterest-ratesinflation
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