The Federal Reserve meeting minutes showed increased downside risks to employment.
TL;DR
The Federal Reserve meeting minutes indicate that while economic activity is expanding moderately, job growth has slowed and inflation remains high. Committee members are closely monitoring risks, noting increased downside risks to employment in recent months.
According to ChainCatcher, citing Jinshi, the Federal Reserve meeting minutes stated that committee members unanimously agreed that current indicators suggest economic activity is expanding at a moderate pace. Job growth has slowed this year, and the unemployment rate rose slightly through September. The committee members noted that recent indicators are consistent with these trends and observed that inflation has risen since the beginning of the year and remains at a high level. They unanimously agreed that the Committee is closely monitoring the risks to its dual mandate, with downside risks to employment increasing in recent months.