The Federal Reserve's minutes send hawkish signals: Most expect to raise interest rates again within the year, but there is no obvious urgency in October

The minutes of the Federal Reserve's September meeting released on October 8 showed that although there were differences among decision-makers on the reasons for raising interest rates, a hawkish consensus was reached on the direction of interest rate adjustment. The minutes of the meeting showed that most participants preferred to raise the target range of the federal funds rate again before the end of the year, while emphasizing that each policy meeting will make flexible decisions based on the latest data. According to analysis by Nick Timiraos, a reporter from the New Federal Reserve News Agency, in the current post-meeting monetary policy expectations, most members believe that raising interest rates before the end of the year is still a reasonable option. As of press time, CME market data showed that market participants 'expectation that the Federal Reserve Board meeting will raise interest rates by 25 basis points at its October 27 - 28 meeting has dropped below 20%, compared with about 70% after the September resolution was announced. The level has dropped significantly. The upcoming release of U.S. Consumer Price Index (CPI) data on October 14 may become a key variable affecting this market expectation.