The minutes for the last US Fed meeting in July 30-31 showed that a majority of the Federal Reserve's members agreed to cut rates but avoided speaking about further cuts.
Rather, the members chose a decision-making approach based on each meeting and the data released.
The members agreed with Chairman, Jerome Powell, that last month's rate cut is not the beginning of a series of monetary easing measures.
While during the meeting some saw the need to cut rates by 50 basis points, while others preferred not to cut at all.