Next move a Fed rate cut? Not so fast
Meeting minutes reveal desire to hold down inflation pressures.
WASHINGTON (Reuters) -- Federal Reserve officials were "quite concerned" about inflation when they met in September and worried their credibility could come under attack if inflation did not ease as they hoped.
While Fed policy-makers decided at their Sept. 20 meeting to hold interest rates steady for a second straight time, minutes of the gathering released Wednesday made plain the degree to which they remained focused on inflation risks.