FED MINUTES: MOST OFFICIALS SEE ANOTHER RATE HIKE BY YEAR-END

All Fed participants backed September’s 25bp rate hike, while most judged another increase would likely be appropriate by year-end, minutes show.

Almost all saw inflation risks tilted to the upside, with some warning the AI investment boom could push demand beyond supply and add inflation pressure.

Officials generally viewed the labor market as near full employment, while financial conditions remained supportive despite higher Treasury yields.
(@WalterBloomberg)