Fed officials remain cautious about inflation while agreeing to cut interest rates.

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On October 9, some senior officials of the Fed were more inclined to keep interest rates unchanged last month, highlighting the concerns of decision-makers: high inflation still poses a threat to the U.S. economy. Although the Fed cut rates by 25 basis points in September, the minutes of the Fed meeting showed that a "minority" of FOMC members would have supported keeping interest rates unchanged, as inflation could remain above target. The minutes noted that the rise in inflation this year has caused progress towards the 2% target to "stall," and added that a minority of members "worried that if inflation does not return to target levels in a timely manner, long-term inflation expectations may rise." (Jin10)

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