Federal Reserve officials have been signaling that further interest rate cuts are on hold for now given slowed progress on inflation and a still-strong U.S. economy, but minutes from the central bank's December meeting may show just how deeply that sentiment is shared among policymakers facing a newly uncertain economic environment under the incoming Trump administration.

The minutes from the Federal Reserve’s last meeting of 2024 will add further context to officials’ thinking about the paths of the economy, interest rates, and inflation in the coming years. Policymakers lowered their interest-rate target after their Dec.

The Federal Open Market Committee is highly likely to hold interest rates at their current level at their next meeting, but cuts later in 2025 remain on the table.

The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday.

Federal Reserve Governor Lisa Cook said policymakers can proceed more cautiously with additional rate cuts, citing a sturdy labor market and recent bumpiness in inflation data.

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Federal Reserve Governor Michelle Cook said Monday the U.S. central bank can afford to proceed more cautiously in cutting interest rates, as the risks to achieving its dual mandate of stable prices and full employment remain "roughly in balance.