The minutes indicated sharp disagreements among policymakers during the September 17-18 meeting, at which the Federal Open Market Committee hiked its benchmark rate for a second time this year, from 1.75% to 2%.
Markets are wagering on another rate cut in October and continued monetary easing into 2020, so that, the Fed minutes said, “it might become necessary for the Committee to seek a better alignment of market expectations regarding the policy rate path with policymakers’ own expectations for that path.”
