Federal Reserve Highlights Economic Expansion and Inflation Concerns

According to ChainCatcher, the minutes from the Federal Reserve meeting reveal that members unanimously agree that current indicators show economic activity expanding at a moderate pace. Employment growth has slowed this year, with a slight increase in the unemployment rate as of September. Members noted that recent indicators align with these trends and observed that inflation has risen since the beginning of the year, remaining at elevated levels. They unanimously agree that the committee is closely monitoring risks to its dual mandate, with increased downside risks in employment observed in recent months.