Fed Signals Cautious Approach to Gradual Rate Cuts Amid Inflation Concerns

Federal Reserve officials, during their November meeting, expressed support for a gradual approach to lowering interest rates, citing stronger-than-expected US economic growth and easing labor market concerns. The minutes revealed no urgent need to reach a neutral rate level quickly, following recent rate cuts. While inflation remains above the Fed's 2% target, it is easing, though officials warn it may take longer to decline due to economic strength and potential geopolitical risks. The Fed is expected to cut rates again in December, but will closely monitor economic data.