After reading the Federal Reserve's November meeting minutes, let me mention a few points of interest.
1. Most committee members still believe that a 25 basis point rate cut in December is appropriate.
2. Reduced the assessment of downside risks to the baseline economic activity forecast.
3. Continuing the balance sheet reduction is appropriate.
4. If inflation continues to increase, rate cuts may be paused.
5. If the unemployment rate continues to rise or the economy slows down, interest rate cuts may accelerate.
6. The overnight rate issue is probably not of much interest to everyone, so I won't elaborate.
Overall, it was as expected, with nothing surprising; a 25 basis point rate cut in December remains the most likely scenario. Time to wrap up and sleep, skipping breakfast tomorrow, let's sleep in for half an hour.
Original link: https://www.federalreserve.gov/monetarypolicy/fomcminutes20241107.htm
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX