Fed decision to hold interest rates a 'close call'
Minutes from last month's US Federal Reserve meeting show its decision to keep a key interest rate unchanged was a "close call".
Minutes of the 20-21 September meeting showed officials were closer to raising rates than at any time since last December.
They only held off because inflation was still running below their 2% target and there was no sign of rising wage pressure.
Rates were held between 0.25% and 0.5%.
"Several members judged that it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about... read more
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