Fed Minutes Show Officials Divided on Future Rate Rise.

The Federal Reserve officials were divided on whether to raise interest rates again this year during their September meeting. Some officials believed that one more rate increase would be appropriate, while others thought that no further increases would be necessary. The rise in long-term Treasury yields since the meeting could potentially eliminate the need for rate hikes. Economic projections released prior to the meeting indicated that most officials expected one more rate increase this year, but the recent increase in yields may change their outlook. The minutes also revealed that officials are considering how long they should hold rates at current levels before cutting them. [Extracted from the article]