[Fed Minutes Signal Hawkish Stance: Majority Expect Another Rate Hike This Year, But No Urgency in October] BlockBeats News, October 8 – The minutes from the Federal Reserve's September meeting reveal a broadly hawkish consensus among policymakers regarding rate hike decisions, though there are differing views on the justification for such moves. The minutes state, 'Most participants judged that it would be appropriate to raise the target range for the federal funds rate again by the end of this year.' However, participants also emphasized that they approach each meeting with an open mind, and future policy decisions will depend on the latest information available at the time. Nick Timiraos, often referred to as the 'New Fed Whisperer,' highlighted the content of the Fed minutes: 'Regarding the outlook for monetary policy after the current meeting, most participants believed that it might be appropriate to raise the target range for the federal funds rate again by the end of this year.' As of press time, according to CME data, investors are currently pricing in less than a 20% probability of a 25-basis-point rate hike at the Fed's October 27–28 meeting, a sharp decline from around 70% just days after the September decision was announced. The U.S. Consumer Price Index (CPI) to be released on October 14 could become a key data point influencing these expectations.