Earlier this year brought some thought-provoking legal developments on digital assets and related technologies from Spanish-speaking civil law jurisdictions.

"I still don't see the data that's compelling to see we're going to cut rates here."

FOMC officials believe interest rate policy is "well-positioned" but mentioned a willingness to tighten further if warranted.

"There's a lot of movement on the services side and it's going to take a little bit of time. I do believe we are on the right path here."