Federal Reserve meeting minutes: Downside risks to employment have increased in recent months.

According to the minutes of the Federal Reserve meeting, in discussing the monetary policy decision, the committee members unanimously agreed that existing indicators suggest economic activity is expanding at a moderate pace. They also unanimously agreed that job growth has slowed this year and the unemployment rate rose slightly through September. The committee members noted that recent indicators are consistent with these trends. They observed that inflation has risen since the beginning of the year and remains at a high level. They unanimously agreed that the Committee is closely monitoring the risks on both sides of its dual mandate, and that downside risks to employment have increased in recent months.