After reading the minutes of the Federal Reserve's November meeting, let’s discuss a few points of concern for everyone.
1. Most committee members still believe that a 25 basis point rate cut in December is appropriate.
2. The assessment of downside risks to the baseline forecast for economic activity has been lowered.
3. Continuing to reduce the balance sheet is deemed appropriate.
4. If inflation continues to rise, a pause in rate cuts may occur.
5. If the unemployment rate continues to rise or the economy slows, rate cuts may accelerate.
6. The overnight interest rate issue may not interest everyone much, so I won't elaborate.
Overall, it aligns with expectations, and there are no surprises; a 25 basis point rate cut in December remains the highest probability.
