The Federal Reserve meeting minutes showed a cooling labor market, with overall inflation projected at 2.8%.

According to ChainCatcher, citing Jinshi, the minutes of the Federal Reserve's October meeting showed that real GDP growth slowed in the first half of the year, with limited information on the labor market due to the federal government shutdown. Existing indicators suggest a continued gradual cooling of the labor market, without signs of a sharp deterioration. Consumer price inflation has risen since the beginning of the year, with the overall inflation rate for September estimated at 2.8%, and the core PCE inflation rate also estimated at 2.8% for the same period.