Fed Minutes: Most Officials See Another Rate Hike Likely by Year-End, No October Urgency

September FOMC minutes released Wednesday show most officials anticipate one more rate increase this year, but the record does not signal a move is imminent for the October meeting. All 19 policymakers backed the September quarter-point hike. Some cited risk-management reasons, while others said the current inflation outlook justified the move. No dissents were recorded.