There is no special wait for the Federal Reserve's meeting minutes.

CN
Phyrex
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1 day ago

There was no specific wait for the Federal Reserve's meeting minutes, but after finishing my homework, they were just released. I took a look and found that there was indeed nothing new; it was quite similar to what Powell said during the December interest rate meeting. The focus remains on slowing down the pace of interest rate cuts in 2025, so the current two rates are the Federal Reserve's benchmarks, and any adjustments beyond that will largely depend on market conditions.

Moreover, from the meeting minutes, the Federal Reserve appears quite optimistic about the current U.S. economy and labor market. They do not foresee any potential economic issues and believe that the U.S. labor market still has room to cool down, so a recession is not expected in the short term.

The unemployment rate data on Friday remains a significant short-term gamble.

Original link: https://www.federalreserve.gov/monetarypolicy/fomcminutes20241218.htm

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