According to PANews, the minutes from the Federal Reserve's most recent policy meeting show that officials generally support a cautious approach to future rate cuts, given the robust economy and slowly cooling inflation.
The minutes indicate that if inflation continues to rise, the Federal Reserve may pause rate cuts and maintain borrowing costs at restrictive levels. Some officials stated that if the economy or labor market deteriorates, rate cuts could be accelerated.
Policymakers believe that the ambiguity of the neutral interest rate is one reason for caution. Many officials noted that uncertainty complicates the assessment of the extent of monetary policy restrictions, and gradually reducing policy restrictions is appropriate.
Federal Reserve officials will hold their last policy meeting of the year on December 17-18.