🚨 Fed FOMC Minutes Released:
• Officials noted recent high inflation data, strong spending, and improved employment outlook.
• Some participants emphasized the risks of persistently high inflation and viewed holding rates steady as beneficial during this meeting.
• Labor market conditions are expected to remain robust.
• Participants indicated the Fed is nearing or at the point where a slower pace of easing would be appropriate.
• Post-December meeting, a slowdown in the pace of rate cuts is anticipated.
• Nearly all officials highlighted increasing upside risks to inflation.
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