🚨FED MINUTES: ALL 19 Fed officials BACKED a 25bp RATE HIKE in September.

Most officials also said ANOTHER rate increase would likely be appropriate by YEAR-END.

Almost all saw inflation risks tilted to the upside, with some warning the AI investment boom could push demand beyond supply and add further price pressure.

The Fed also sees the labor market near full employment, while financial conditions remain supportive despite higher Treasury yields.