“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.”

“Concerns about the global economic outlook apparently helped to prompt a sharp pullback from risky assets in the United States, but prices of those assets subsequently reversed much of their declines by the end of the intermeeting period. In addition, a number of technical factors reportedly contributed to volatile interest rate moves in mid-October. Worries about a possible spread of Ebola also appeared to weigh on market sentiment somewhat at times. On net, yields on longer-term Treasury securities fell notably, U.S. equity prices edged down, corporate bond spreads widened modestly, and the dollar appreciated moderately against most other currencies.”

Minutes of the Federal Open Market Committee
October 28-29, 2014: HTML | PDF