Federal Reserve meeting minutes: Significant disagreement, with most believing interest rates could fall as inflation declines.

According to the latest minutes of the Federal Reserve meeting, the FOMC agreed to cut interest rates at its December meeting, but engaged in a deep and detailed debate regarding the risks currently facing the U.S. economy. The minutes indicate that, given the various risks to the U.S. economy, even some officials who supported the rate cut acknowledged that "this decision was the result of weighing the pros and cons, or they might have supported maintaining the target interest rate range unchanged." Some participants stated that, based on their economic outlook, following this meeting's reduction of the interest rate range, it might be necessary to maintain the target interest rate range unchanged for some time. The minutes also show that if inflation declines gradually as expected, most officials believe further rate cuts are appropriate. The minutes continue to demonstrate the divisions among Fed officials and highlight the difficulty they faced in making recent decisions. This is an unusual outcome for the Fed, and this situation has occurred in two consecutive meetings. (Jinshi)