Reported 1 day ago
At their December 17-18 meeting, Federal Reserve officials anticipated a slower pace of interest rate cuts due to ongoing inflation concerns and potential policy changes under the incoming Trump administration. The minutes revealed a division among policymakers, with some advocating for unchanged rates. Ultimately, the Fed cut rates by a quarter-point but indicated that fewer cuts are likely moving forward. Economists predict only two cuts in the upcoming year, citing risks of persistent inflation influenced by tariffs and trade policies. Overall, the Fed is shifting towards a more cautious approach to rate adjustments.
Source: YAHOO