FED MINUTES — KEY POINTS ALL FED PARTICIPANTS SUPPORTED A 25-BASIS-POINT RATE HIKE AT THE SEPT. 15–16 MEETING. MOST SAW ANOTHER RATE HIKE AS LIKELY APPROPRIATE BY YEAR-END. INFLATION REMAINS ELEVATED, WHILE THE JOB MARKET APPEARS NEAR FULL EMPLOYMENT. ALMOST ALL PARTICIPANTS SAW UPWARD RISKS TO INFLATION; JOB-MARKET RISKS WERE GENERALLY BALANCED. SOME SAID THE AI BUILDOUT COULD BOOST DEMAND FASTER THAN SUPPLY, ADDING TO INFLATION PRESSURES. MANY SAID FINANCIAL CONDITIONS REMAINED SUPPORTIVE OF ECONOMIC GROWTH DESPITE HIGHER LONG-TERM TREASURY YIELDS. FED STAFF’S ECONOMIC OUTLOOK WAS STRONGER THAN THE JULY FORECAST.