Minutes of the Federal Reserve's December meeting: Agreed that the interest rate hike cycle may be over, but no discussion on when to start cutting interest rates

According to BlockBeats news, on January 4, the Federal Reserve meeting minutes showed that Federal Reserve officials agreed at last December’s meeting that the interest rate hike cycle that began in 2022 may have ended. There is broad consensus within the Fed that inflation has slowed, especially the six-month annualized rate, and there are signs that supply chains are returning to normal and that the labor market is starting to loosen as more people join the workforce. Fed officials have said raising interest rates above 5% has dampened consumer demand, thereby easing inflation. They did not discuss when to start cutting interest rates. The Fed dot plot shows the bank plans three rate cuts in 2024. (Golden Ten)