Fed Minutes Show Officials Walking a Tightrope on Rate Hikes to Curb Inflation Without Overdoing It

Minutes showed Fed officials saw risks of doing too much or too little to tame inflation at September meeting.

Officials expected rates might need to rise slightly higher but want to move carefully, wary of clamping down too hard.

Fed has raised rates sharply since March 2022 to try to cool demand and curb inflation.

Officials worried about risks like autoworkers' strike, gas prices, slowdown in China, and stress in banking sector.

Since September meeting, longer-term rates rose notably, causing doubts officials will follow through on final rate move.