“A vast majority of participants continued to judge the future path of the economy as highly uncertain,” said minutes of a meeting where the U.S. central bank agreed to hold rates steady even as a 12-7 majority indicated in new projections that one more rate increase might be needed by the end of the year to ensure inflation returns to the Fed’s 2% goal.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
November 10, 2026