Federal Reserve Meeting Minutes: The Federal Reserve is waiting for "more information" to gain confidence in cutting interest rates

ChainCatcher news, according to Caixin, the Federal Reserve's meeting minutes show that the vast majority of officials believe that U.S. economic growth is gradually cooling, and most participants consider the current policy stance to be restrictive. The Federal Reserve is waiting for "more information" to gain confidence in cutting interest rates. Some participants indicated that policy should be ready to respond to unexpected economic weakness at any time, and several Federal Reserve officials stated that if demand weakens, the unemployment rate may rise.

Several participants noted that if inflation remains at a high level or rises further, it may be necessary to raise interest rates.

In addition, Federal Reserve spokesperson Nick Timiraos stated that the meeting minutes suggest they are unlikely to cut interest rates at the meeting later this month.