And the Fed's policy-setting Federal Open Market Committee made a key change in the wording of the statement, which makes it less certain it will make another move in December.
That would be a stark contrast from a year ago, when Fed Chair Jerome Powell's comments that the balance sheet reduction was on "autopilot" gave investors the impression the central bank was on a strict course of tightening monetary policy, with no flexibility to tackle concerns about market liquidity or slowing global growth.
"In a holiday-shortened week investors will focus on the next leg of corporate earnings. Auto companies will be in focus as the sector will report a picture of how festive demand has fared in October. The US Fed is expected to keep its interest rates steady when they meet (on Wednesday) based on the macro numbers.
Spot gold was steady at $1,504.44 per ounce as of 0326 GMT. U.S. gold futures were up 0.1% to $1,507.20 per ounce.
While the outlook remains good for the moment -- with strong jobs markets, low unemployment and the general public continuing to loosen purse strings -- weaker recent economic data have put clouds on the horizon, the minutes showed.
In this episode of 3 Point Analysis, Moneycontrol's Sakshi Batra explains the cause and effects of the rate cut by the Federal Reserve.
The gate is wide open for more rate cuts by the Reserve Bank
Fed Chairman Powell cited global weakness, simmering trade tensions and a desire to boost too-low inflation in explaining the central bank's decision to lower borrowing costs
The signs of an economic slowdown are hard to miss.
We believe that the Fed will not cut the interest rate at this month's policy meeting. The market needs more evidence of a slowdown in the US economy.
In light of recent global central bank’s monetary accommodation and fragile global growth, investors need to be selective about stocks and sectors
The US central bank said it "will act as appropriate to sustain" the economic expansion as it approaches the 10-year mark and dropped a promise to be "patient" in adjusting rates.
With global uncertainties so high, even central banks are stocking up on gold
Spot gold edged 0.1% lower to $1,273.70 per ounce at 0239 GMT. In the previous session, the metal fell to $1,268.97, its lowest since May 3.
Both the government and RBI would do well to contemplate how external finance should be managed.
New Zealand government has broadened the goals of the central bank and added employment to the inflation targeting mandate in 2018.
With RBI committed to injecting required liquidity in the system, short-term rates are expected to ease in line with expected rate cuts.
We expect domestic growth impulses could remain soft at least for the next two quarters
It would inject liquidity in the banking system, reduce the statutory cost of deposits for banks and help them reduce lending rates
The Fed left its federal funds rate on hold last week as expected, but its "dot plot" projections shifted and now suggest no hikes in 2019 compared with two in December. A Reuters poll taken just two weeks ago predicted one hike this year.
Inflation in most Asian economies is below, or at the lower end of central bank targets.
Spot gold was up 0.1 percent at $1,316.09 per ounce as of 0419 GMT. U.S. gold futures were also up about 0.1 percent at $1,315.70 an ounce.