【Federal Reserve Releases Minutes of November Meeting, Predicts Rate Cut in December】On November 26 local time, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting held on November 6-7. According to the forecasts in the minutes, the Federal Reserve may cut rates again by 25 basis points in December. The minutes indicate that the Federal Reserve decided to lower the target range for the federal funds rate by 25 basis points at the November meeting, bringing the benchmark funds rate to a range of 4.5% to 4.75%, and stated that further adjustments to the monetary policy stance would help maintain the strength of the economy and labor market, while continuing to push inflation lower.
