The minutes of the FOMC’s December meeting, when it voted to lower the fed funds target range by 25bp to between 3.50% and 3.75%, are somewhat outdated given the slew of delayed data releases since then. Nonetheless, the minutes suggest that there was broad support among the FOMC for at least a short-term pause in further interest rate cuts, but that the risks lie toward the Fed cutting again a bit sooner than we have pencilled in.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
