FOMC minutes released

The FRB and the Federal Open Market Committee have released the minutes, statement, and projection materials for the September 25–26, 2018, FOMC meeting. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting was also included as an addendum to the minutes. The minutes suggest that further gradual increases in the federal funds rate "would most likely be consistent with a sustained economic expansion, strong labor market conditions, and inflation near 2 percent over the medium term." The next FOMC meeting is set for November 7–8.