"Markets Brace for Impact Ahead of Hawkish Fed Meeting Minutes"

The Federal Reserve's Federal Open Market Committee (FOMC) December meeting minutes are anticipated to clarify the central bank's stance on interest rate cuts for 2024. Despite market participants expecting up to 6 or 7 cuts, Fed officials have signaled only about 3, with some expressing it's too early to consider cuts as soon as March. The minutes may temper the market's premature euphoria over rate cuts, aligning with cautious analyst expectations and recent comments from Fed officials suggesting a more measured approach to easing.