After reading the minutes of the Federal Reserve's November meeting

Let’s talk about the areas 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 economic activity forecast has been lowered.

3. Continuing the balance sheet reduction is 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. Everyone is probably not very interested in overnight rates, so I won't say much about that.

Overall, it is as expected, with nothing surprising; a 25 basis point rate cut in December remains the most probable outcome.