The Fed's case to continue tightening monetary policy was strengthened by a continued uptick in inflation and a solid labor market, despite concerns about the impact of rising trade tensions on spending and business sentiment. "Most participants noted that uncertainty and risks associated with trade policy had intensified and were concerned that such uncertainty and risks eventually could have negative effects on business sentiment and investment spending," the Fed said. The minutes also showed that Fed policymakers expected that "inflation was on a trajectory to achieve the Committee's symmetric 2 percent objective on a sustained basis."