Fed minutes "Appropriate to keep rates on hold for a while after December cut"

According to economic news channel Walter Bloomberg on the 30th (local time), it appeared that within the U.S. Federal Reserve (Fed) there were opinions that it would be appropriate to keep interest rates on hold for a certain period after a December rate cut.

According to the Federal Open Market Committee (FOMC) minutes released that day, some members mentioned that, based on their economic outlooks, "it is likely appropriate to maintain the policy rate for some time after the December rate cut."

The minutes show a shared recognition that while the slowdown in inflation continues, inflation still exceeds target levels and labor market conditions should be considered together. Accordingly, it is interpreted that there were opinions that the effects of policy need to be assessed before further cuts.

Fed officials also emphasized that they should avoid making advance commitments about the path of interest rates. This reaffirmed their existing position that future policy decisions will be adjusted flexibly in response to economic data flows.

The market is interpreting the minutes as a signal that the Fed is more likely to maintain a wait-and-see stance rather than pursue consecutive rate cuts in the short term.