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

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)