News

According to Odaily, the latest Federal Reserve meeting minutes show that the FOMC agreed to cut interest rates at the December meeting, but engaged in an in-depth and detailed debate over the risks currently facing the US economy. According to the minutes, given the various risks facing the US economy, even some officials who supported the rate cut acknowledged that "the decision was the result of weighing pros and cons, or they might have supported keeping the target rate range unchanged." Some participants stated that, based on their economic outlook, after lowering the target rate range at this meeting, it may be necessary to maintain the target rate range unchanged for a period of time. During the debate at this meeting, officials were divided on both tightening and easing monetary policy, which is an unusual outcome for the Federal Reserve, and this situation has occurred for two consecutive meetings. (Golden Ten Data)

Odaily reported that according to the Federal Reserve meeting minutes, most participants believe that if inflation declines over time, further easing of monetary policy would be appropriate. (Golden Ten Data)

According to Odaily, after the release of the Federal Reserve meeting minutes, spot gold and silver showed little short-term volatility, while the US Dollar Index (DXY) edged higher. (Golden Ten Data)