Federal Reserve officials at their September meeting differed on the need for more policy tightening, but indicated rates would need to stay elevated until the policymakers are convinced inflation is heading back to 2%. One more hike would be likely, minutes released Wednesday showed.
'A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,' the summary of the Fed's Sept. 19-20 policy meeting stated. Read more about the Fed's meeting here . — Jeff Cox, Pia Singh
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