After reading the minutes of the Federal Reserve's November meeting, let's talk about a few points of concern.

1. Most committee members still believe that a 25 basis point rate cut in December is appropriate.

2. Continuing to reduce the balance sheet is appropriate.

3. If inflation continues to rise, a pause in rate cuts may occur.

4. If the unemployment rate continues to rise or the economy slows, rate cuts may accelerate.

5. The overnight interest rate issue probably doesn't interest everyone much, so I won't elaborate.