FOMC minutes suggest

FOMC Sept 20 Meeting Minutes: Suggests members were at a cross roads, with concerns about inflation remaining, but also cautious that economic growth could slow more than forecasts had predicted. With uncertainties remaining on both sides, it appears that the FOMC held steady until more data could suggest the next move. Lacker dissented, suggesting that any slowdown in econ growth would not be enough to reduce core inflation and that a further hike was needed to reduce inflation more rapidly in the wake of rising labor costs in the first half of the year.