According to BlockBeats, on January 4, the minutes of the Federal Reserve meeting showed that Federal Reserve officials agreed at their meeting in December that the interest rate hike cycle that began in 2022 may have ended. There is a general consensus within the Federal Reserve that inflation has slowed, especially the six-month annualized inflation rate, and there are signs that supply chains are returning to normal and the labor market is beginning to relax as more people join the labor market. Federal Reserve officials said that raising interest rates above 5% has suppressed consumer demand, thereby easing inflation. They did not discuss when to start cutting interest rates. The Fed's dot plot shows that the bank plans to cut interest rates three times in 2024. (Jinshi)