Fed Minutes: No Surprises as Focus Shifts to Future Dovish Pivots
The Federal Reserve’s December meeting minutes, released on Wednesday, provided few surprises for financial markets, allowing for a brief relief rally in equities. While investors were bracing for a potentially hawkish tone following the Fed’s recent rate cut, the minutes revealed a more measured approach to policy adjustments. This balanced stance underscores the Fed’s cautious outlook amid lingering inflation pressures, uncertainty surrounding fiscal policies under President-elect Donald Trump, and evolving economic conditions.