Mumbai, Oct. 9 -- Ahead of its next monetary policy meeting later this month, the Federal Reserve on Wednesday released the minutes of its September meeting.
The Fed announced its widely expected decision to lower interest rates by 25 basis points to 4.0 percent to 4.25 percent following the meeting, citing a shift in the balance of risks.
The minutes revealed that most participants observed it was appropriate to lower rates toward a more neutral setting because downside risks to employment had increased and upside risks to inflation had either diminished or not increased.
However, the Fed noted a few participants believed there was merit in keeping rates unchanged at the meeting or that they could have supported such a decision.
These ...