FED Releases October Meeting Minutes: Insights into Interest Rate Decision

The Federal Reserve (Fed) has released the minutes from its recent meeting, shedding light on the factors influencing the decision to cut interest rates by 25 basis points. Key takeaways include evidence of a gradual cooling in the labor market despite the government shutdown’s impact on data availability. The minutes also detail that real GDP growth slowed in the first half of the year and inflation continued its upward trend since the beginning of the year.