Federal Reserve officials remain cautious about inflation while agreeing to rate cuts

Jinse Finance reported that some senior officials of the Federal Reserve were more inclined to keep interest rates unchanged last month, highlighting policymakers' concerns that persistently high inflation still poses a threat to the US economy. Although the Federal Reserve cut interest rates by 25 basis points in September, the Fed meeting minutes showed that a "minority" of FOMC members would have supported keeping rates unchanged because inflation could remain above target. The minutes noted that this year's rise in inflation has caused progress toward the 2% target to "stall," and added that a minority of members "were concerned that if inflation does not return to target in a timely manner, long-term inflation expectations could rise."