New York Times: Fed retains option to cut rates

Odaily Odaily reported that according to the New York Times, the minutes of the Federal Reserve meeting showed that when Federal Reserve officials cut interest rates at a meeting this month, they avoided explicitly hinting at what might happen next. The minutes released on Tuesday provided few signals about whether Federal Reserve officials might cut interest rates at the December meeting or how much they might cut interest rates in 2025. In recent months, economic data has been stronger than economists expected. The job market, which has been showing signs of cooling, has stabilized. In view of this, some economists have been wondering whether the Fed could pause its rate cuts at the upcoming meeting. But the minutes of the November meeting provided little clear guidance, saying only that it "may be appropriate" for interest rates to "gradually" move lower over time.