Fed Minutes Show Cautious Approach to Rate Hikes Amid Economic Uncertainties

Federal Reserve officials signaled a cautious approach to interest rates amid economic uncertainty, according to minutes from September meeting.

Policymakers said inflation was slowing but more evidence of decline was needed before being sure it would reach Fed's 2% target.

Officials noted high uncertainty on economy due to factors like auto strike, oil/gas prices, weaker China economy, government shutdown threat.

Since September meeting, oil prices have dropped and shutdown avoided, reducing some uncertainty.

Fed left rates unchanged at 5.4% in September, but recent remarks suggest rates may not rise at next 1-2 meetings.