Central Banks
Fed Minutes Show Officials Were Eager to Slow Interest-Rate Cuts
- Many saw need for careful approach over ‘coming quarters’
- Officials lowered rates for third straight meeting in December
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Federal Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in the months ahead.
“Participants indicated that the committee was at or near the point at which it would be appropriate to slow the pace of policy easing,” minutes from the Federal Open Market Committee’s Dec. 17-18 gathering showed. “Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters.”