FOMC minutes: Most policymakers said rate cut was warranted due to global weakness

According to the minutes from the Federal Open Market Committee's (FOMC) October 29-30 monetary policy meeting, most policymakers said the rate cut was appropriate while noting that it was warranted due to global weakness.

Markets largely ignored the FOMC's meeting minutes and the US Dollar Index was last up 0.12% on the day at 97.95.