Federal Reserve officials expressed caution about reducing interest rates quickly in their recent meeting, emphasizing a gradual approach even as inflation shows signs of stabilizing. The next key meeting is scheduled for December 17-18.
The Federal Reserve expressed caution about cutting interest rates too quickly in their recent meeting, despite ongoing inflation. According to meeting minutes, even if inflation were to decline to the Fed’s 2% target, officials suggested moving gradually in lowering interest rates. The minutes did not provide specific guidance about the Fed’s next meeting on December 17-18, where the possibility of another quarter-point reduction in the key rate is seen as almost even.
Most economists anticipate a third rate cut this year but speculate that the Fed might skip further reductions at subsequent meetings
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