The Fed’s Jigsaw Puzzle Minutes from the Federal Reserve’s September meeting unveiled an atmosphere of indecision, exposing splits among policymakers over interest rate trajectories. The CPI Factor While Producer Price Index (PPI) figures recently outpaced expectations, coming in at a 0.5% rise for September as opposed to the forecasted 0.3%, they still represent a deceleration from August’s 0.7%. The Federal Reserve’s murky stance on interest rates, a slackening U.S. dollar, and key economic indicators have made traders cautiously upbeat.