00:00It's Benzinga bringing Wall Street to Main Street
00:02Federal Reserve officials broadly expect another interest rate increase by year-end,
00:06but minutes from the September meeting showed little urgency to act again in October, according
00:11to The Wall Street Journal.
00:12Policymakers unanimously backed last month's rate increase, as inflation remained persistent.
00:17Most officials projected one additional increase across the Fed's October and December meetings,
00:22while a small number expected increases at both.
00:24Federal Reserve Chairman Kevin Warsh said inflation remains elevated across too many
00:28products, with summer data showing little improvement in underlying trends.
00:32A cooler-than-expected September jobs report reinforced expectations for an October Fed
00:37pause, with annual wage growth slowing to 3%, its lowest level in more than five years.
00:42For all things money, visit Benzinga.com
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