FXStreet (Delhi) – Research Team at BBH, note that the FOMC minutes from the September meeting will be closely watched by investors to get in-sight that how close was the decision not to raise rates. Key Quotes “Yellen seemed to suggest it was not close while comments from others suggest it was. Both are right. It was not a close vote overall. There was only one dissent in favor of a hike. It was a close vote in the sense that it was a finely balanced decision for individual members. This leads to the second issue. What is needed to shift the balance toward a hike? Do market-based measures of inflation expectations have to rise? Does China's equity market need to stabilize?” “Some believe that the Fed's decision to stand has already been redeemed by the weakness of the US jobs data. However, we note that the Fed did not cite concerns about the labor market in their decision. They were likely as surprised as the market was by the September jobs data. Moreover, that argument also presumes that the Fed will see the softer jobs data as a particularly worrisome sign instead of focusing on the cumulative improvement in the labor market.” For more information, read our latest forex news.