Fed Minutes: Awaiting More Information for Rate Cut Confidence

Fed officials emphasized the need for more information before gaining confidence to start cutting rates. Some highlighted the need to wait for restrictive policies to take effect, while others suggested that if inflation remains high or rises further, additional rate hikes might be necessary. Many participants believed that AI technology deployment could boost productivity and help lower inflation.

The "new Fed communications channel" indicated that Fed officials are not in a hurry to cut rates, expressing general satisfaction with a wait-and-see stance.