Fed Minutes Show Hawkish Unity Behind September Rate Hike

Bloomberg's Mike McKee said that the Fed's decision to raise rates was unanimous among all nineteen members of the FOMC, including non-voting participants, according to minutes from the Fed's September meeting. McKee said the minutes showed that members feel that between inflation numbers, the geopolitical situation and AI buildout they are not making enough progress on inflation (Source: Bloomberg)

Bloomberg's Mike McKee said that the Fed's decision to raise rates was unanimous among all nineteen members of the FOMC, including non-voting participants, according to minutes from the Fed's September meeting. McKee said the minutes showed that members feel that between inflation numbers, the geopolitical situation and AI buildout they are not making enough progress on inflation (Source: Bloomberg)