Fed's 19 Officials Unanimously Backed September Rate Hike as Inflation Risks Intensified

3 articles · Updated · Bloomberg · Oct 7

All 19 Federal Reserve officials supported the September decision to raise interest rates, according to minutes of the Sept. 15-16 FOMC meeting released Wednesday in Washington.
Many policymakers backed the move to guard against intensifying inflation pressures, while another group said higher rates were warranted by their broader economic outlook.
The minutes signal a stronger internal consensus around keeping policy tight, underscoring elevated concern that inflation could remain persistent.

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