Most Federal Reserve officials believed at their September meeting that they would likely raise short-term interest rates again this year, but some cautioned the decision would hinge on whether inflation picks up. Minutes of the Sept. 19-20 meeting, released Wednesday, indicate that lingering questions over inflation were driving a split among officials. The key question was whether the recent soft patch was due to temporary factors or longer-lasting developments.

Source: Wall Street Journal October 11, 2017 18:03 UTC