United States Federal Reserve Minutes: Rate Cuts Likely but Timing Uncertain – 04 January 2024

The Federal Reserve released late Wednesday 3rd January 2024 the minutes of the Dec. 12-13 Federal Open Market Committee (FOMC) meeting. Policymakers held rates at the target range of 5.25%-5.5% for a third straight time, after 11 consecutive increases. The US Dollar showed a muted reaction to the minutes and US stock markets declined.