Treasuries Erase Losses After Fed Minutes Highlight Global Risks
FOMC Minutes Show Officials Delayed Rate Hike Over Risks
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The benchmark 10-year Treasury note erased losses after minutes from the Federal Reserve’s Sept. 16-17 meeting showed that policy makers were concerned over the growing risk the slowing global economy posed to U.S. economic expansion.
Some officials said they wanted to hold back on raising interest rates because inflation remaining entrenched below their 2 percent target might raise questions about the central bank’s credibility.