Fed meeting minutes: Almost all members agreed to cut interest rates by 25 basis points.

On October 9, the Fed meeting minutes mentioned that participants unanimously agreed that recent indicators show a slowdown in economic activity in the first half of this year. To reflect the latest conditions in the labor market, they agreed to no longer describe the labor market conditions as "robust," but instead stated that employment growth has slowed, and the unemployment rate has slightly risen but remains low. Participants unanimously agreed that inflation remains slightly high and agreed to add that inflation has risen. They agreed that the committee should follow the risks on both aspects of its "dual mandate" and additionally noted that the downside risks to employment have increased to reflect their concerns about the labor market. To support the committee's goals and considering the changes in the risk balance, almost all members agreed to lower the target range for the federal funds rate by 25 basis points to 4%-4.25%. One member voted against this decision, arguing for a 50 basis point cut. (Jin10 )