Fed Minutes Highlight Cautious Approach to Rate Cuts Amid Inflation Concerns

The Federal Reserve's November meeting minutes reveal a unanimous decision to cut interest rates by 25 basis points, reflecting confidence in reducing inflation towards the 2% target. While inflation has eased, core pressures persist, and there are concerns about potential inflationary risks from global supply chain disruptions and strong consumer spending. The minutes also highlight differing views on future monetary policy, with some members suggesting a pause in rate cuts if inflation remains high, while others advocate for more easing if economic conditions weaken. Market reactions were muted, with little change in interest rate expectations or major indices.