Most Fed officials expect more rate cuts

Minutes of the Dec 9-10 Federal Open Market Committee meeting continued to point to divisions among US central bankers and to the difficulty of their most recent decision. — Bloomberg

WASHINGTON: A record of the Federal Reserve’s (Fed) December 2025 meeting shows most officials see additional interest rate cuts as appropriate if inflation declines over time as expected.

Yet, some officials made clear they believe rates should remain on hold “for some time” after the December gathering.