Posted 1/3/2024, 11:02:18 AM
FOMC Minutes May Reveal Clues on Timing of 2023 Rate Cuts Amid Faster Disinflation
- Minutes from Dec FOMC meeting may provide insight into timing of potential 2023 rate cuts
- Markets expect first rate cut in March, economists see cuts closer to mid-year
- Lower inflation pushes Fed towards rate cuts to avoid over-tightening policy
- Data since December meeting shows faster disinflation, supporting case for earlier cuts
- Upcoming jobs, inflation reports will shape debate on start date and pace of 2023 easing