Federal Reserve Meeting Minutes: Risks of Early Interest Rate Cuts
Policymakers expressed concerns about the risk of premature interest rate cuts.
O Uncertainty arose about the duration of borrowing costs to return inflation to the Fed's 2% target.
O Most participants noted the risks of moving too quickly to ease policy stance.
O Only a few pointed to downside risks associated with maintaining an overly restrictive stance for too long.
O U.S. stocks fell slightly, while the U.S. dollar remained little changed.
O Fed policymakers agreed on a cautious, slower approach to rate cuts.
O Some participants cited a risk that progress on inflation could stall if the economy continued to perform strongly.
Policymakers expressed concerns about the risk of premature interest rate cuts.
O Uncertainty arose about the duration of borrowing costs to return inflation to the Fed's 2% target.
O Most participants noted the risks of moving too quickly to ease policy stance.
O Only a few pointed to downside risks associated with maintaining an overly restrictive stance for too long.
O U.S. stocks fell slightly, while the U.S. dollar remained little changed.
O Fed policymakers agreed on a cautious, slower approach to rate cuts.
O Some participants cited a risk that progress on inflation could stall if the economy continued to perform strongly.
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