Fed Adopts More Cautious Stance Amid Economic Uncertainty and Slowing Growth

Fed officials adopted a more cautious stance in September as economic uncertainty grew, according to meeting minutes.

Policymakers wrestled with risks to growth from slowing global growth, labor strikes, tightening financial markets.

Officials noted the recent rise in Treasury yields may slow the economy and inflation, reducing the need for more rate hikes.

Debate shifted from how much higher to raise rates to how long to keep policy restrictive.

All agreed policy should remain restrictive for some time until inflation is clearly moving down towards the 2% target.