September came and went without the US Federal Reserve raising interest rates from their record-low position. Now, the odds of a hike happening in 2015 have become increasingly slim.
The statement accompanying last month’s policy meeting was pretty clear about the Fed’s nervousness, and the meeting’s minutes released today (pdf) makes its feelings even clearer. Here’s what was weighing on their minds:
Downside (16 mentions)
August’s financial volatility spooked the Fed.