đ FOMC Minutes.
Here are some key points from the minutes released today by the FED.
âĄïž Fed members see several factors that will put continued downward pressure on inflation.
âĄïž Fed officials said risks to the inflation outlook have diminished.
âĄïž Fed officials agree that economic activity has continued to expand at a solid pace.
âĄïž Fed officials said labor market conditions remain solid.
âĄïž A "substantial majority" of the Fed supported a 0.50 percentage point cut in September, with some members supporting a 0.25 percentage point cut.
American stock markets reacted very well after the release of the ATA, with the Dow Jones posting its highest daily close in history and the S&P 500 renewing its all-time high.