The minutes from the Fed's December meeting revealed a divided opinion on rate cuts, with a close call resulting in a 0.25% cut to 4.3%.
Despite the recent decision to cut rates, most policymakers at the Fed expressed that it was time to adopt a more cautious and measured approach moving forward.
Fed officials foresee a decreased rate of cuts next year, projecting only two, as they navigate elevated inflation and uncertain economic policies ahead.
Almost all policymakers acknowledge a higher risk of persistent inflation, influenced by recent economic indicators and anticipated changes from the incoming administration.
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