The Federal Reserve released the minutes of the September meeting, with most members agreeing to a 25 basis point rate cut.

The U.S. Federal Reserve released the minutes of its September monetary policy meeting.The minutes show that at the September meeting, the attending Fed officials unanimously believed that current economic indicators indicate a slowdown in employment growth, a slight rise in the unemployment rate, and signs of weakness in the labor market. At the same time, the inflation rate remains slightly above the 2% target. Almost all the members agreed to lower the target range for the federal funds rate by 25 basis points to between 4% and 4.25%.In addition, due to stronger-than-expected consumer spending and business investment data, the Fed slightly raised its economic growth forecasts from this year through 2028, while expecting that tariff increases will continue to push up inflation this year and place further upward pressure on inflation in 2026, with the 2% target not expected to be reached until 2027. (CCTV Reporter Cao Jian)On the same day, October 8, the U.S. Federal Reserve released the minutes of its September monetary policy meeting.The minutes show that at the September meeting, the attending Fed officials unanimously believed that current economic indicators indicate a slowdown in employment growth, a slight rise in the unemployment rate, and signs of weakness in the labor market. At the same time, the inflation rate remains slightly above the 2% target. Almost all the members agreed to lower the target range for the federal funds rate by 25 basis points to between 4% and 4.25%.In addition, due to stronger-than-expected consumer spending and business investment data, the Fed slightly raised its economic growth forecasts from this year through 2028, while expecting that tariff increases will continue to push up inflation this year and place further upward pressure on inflation in 2026, with the 2% target not expected to be reached until 2027.