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Fed's Minutes: Officials Support Cautious Rate Cuts in Future
Federal Reserve's officials expressed broad support for a cautious and progressive approach to future rate cuts, according to the minutes of the November’s policy meeting...
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Fed's Minutes: Officials Support Cautious Rate Cuts in Future
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Federal Reserve's officials expressed broad support for a cautious and progressive approach to future rate cuts, according to the minutes of the November’s policy meeting.

Officials projected inflation to continue to fall to 2% if the data are in par with expectations, the minutes said. The economy remains close to maximum employment levels, and a gradual shift to a more neutral policy stance may be appropriate over time.

Officials also considered that downside risks to employment and growth subsided, and generally noted that there were no signs of rapid deterioration in the job market.
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