According to BlockBeats, the minutes of the Federal Reserve's December 9-10 policy meeting will be released at 3:00 AM Beijing time on Wednesday, December 31st. Details of the growing divisions within the policymaking body will be revealed. Under the dual pressures of inflation and employment, the Fed's next move appears unpredictable.
The Federal Reserve's decision to cut interest rates by 25 basis points in December drew three dissenting votes—two from regional Fed presidents who believed a rate cut was unnecessary, and one from Fed Governor Milan, who, since joining the Fed in September, has become the only person advocating for a significant 50-basis-point cut for the third time. Fed Chairman Powell stated after the meeting that there were "strongly different opinions" about which of the two risks required more policy attention. For next year, policymakers are even more divided on the direction of interest rates, with some even believing that not cutting rates is appropriate. Of the Fed's 19 policymakers, six consider 3.9% to be the appropriate year-end interest rate for 2025, a level higher than the actual rate cut.
