Fed Minutes Show Nearly Half Of Its Officials Expect Two More Rate Cuts By End Of 2025
Synopsis
The minutes also showed that labor market weakness remained among the top concerns of the central bank, which noted that though the unemployment rate remained low, the pace of employment increases had slowed.
Nearly half of the Federal Reserve officials expect two more interest rate cuts by the end of 2025, minutes from September’s Federal Open Market Committee (FOMC) meeting show.
The minutes also showed that labor market weakness remained among the top concerns of the central bank, which noted that although the unemployment rate remained low, the pace of employment increases had slowed, and labor market conditions had softened.
The Fed also remained cautious about inflation, stating that it had remained somewhat elevated.
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