The Federal Open Market Committee's (FOMC) September meeting minutes, released by the U.S. Federal Reserve, have revealed a consensus among members for continued rate cuts. A majority of members favored a 50 basis point (bp) reduction in the benchmark interest rate, while some preferred a 25bp cut. The FOMC members acknowledged the challenges in economic forecasting and the risks associated with aggressive action. However, they emphasized the importance of basing monetary policy on the direction of the economy and noted that the weaker-than-expected labor market conditions warranted a 50bp rate cut. The minutes also highlighted concerns about the impact of trade tensions on the U.S. economy. The members expressed a need for more clarity on the trade outlook to better assess its potential impact on monetary policy. Overall, the FOMC minutes indicate that the Federal Reserve remains committed to supporting the U.S. economy through rate cuts. The decision to opt for a 50bp reduction signals the Fed's willingness to take decisive action to address economic concerns. Investors and businesses will closely monitor the Fed's next steps as the trade situation and economic data evolve.