Federal Reserve's December Meeting Highlights Rate Cut Decision Amid Economic Risks

According to Odaily, the latest minutes from the Federal Reserve's meeting reveal that the Federal Open Market Committee (FOMC) agreed to a rate cut in December, following extensive discussions on the risks currently facing the U.S. economy. The minutes indicate that even some officials who supported the rate cut acknowledged that the decision was a result of weighing various factors, and they might have otherwise supported maintaining the current target rate range. Some participants expressed that, based on their economic outlook, it might be necessary to keep the target rate range unchanged for a period after the rate cut. The debate during the meeting showed a division among officials regarding both tightening and easing monetary policy, an unusual outcome for the Federal Reserve, which has now occurred in two consecutive meetings.