[Federal Reserve Meeting Minutes: Most Officials Believe Another Rate Hike Before Year-End May Be Appropriate] According to the Federal Reserve's September monetary policy meeting minutes, all attending officials supported raising the federal funds rate target range by 25 basis points to 3.75%–4.00%. Most officials believe that another rate hike before the end of the year may be appropriate. Officials generally consider inflation risks to be tilted to the upside, with some pointing out that AI infrastructure development could lead to medium-term aggregate demand exceeding aggregate supply.