Fed#FOMCminutes released:

• Officials noted recent high inflation data, strong spending, and a more positive employment outlook.

• Some participants emphasized that the risk of persistently high inflation has increased, and said it would be beneficial to leave interest rates unchanged at that meeting.

• Participants predicted that the labor market would remain robust.

• Participants indicated that the#Fedis at or near the point where it would be appropriate to slow the pace of easing.

• Officials expect a slowdown in the pace of rate cuts after the December meeting.

• Nearly all officials noted that upside risks to inflation have increased.

#Bitcoin#Fed #Trump