The Federal Reserve's December Meeting Minutes to Be Released Tonight, Decision-Making Disagreements Details to Be Disclosed

BlockBeats News, on December 31, Wednesday at 3 a.m. East 8th District time, will release the minutes of the Federal Reserve's December 9-10 policy meeting, revealing details of the escalating internal dissensions among the decision-makers. Under the dual pressures of inflation and employment, the Federal Reserve's next steps appear increasingly opaque.

The Federal Reserve's decision to cut rates by 25 basis points in December prompted three dissenting votes — two from regional Federal Reserve presidents who believed a rate cut was unnecessary, and one from Federal Reserve Governor Milan, who, since joining the Federal Reserve in September, has become the sole advocate for a larger 50 basis points rate cut for the third time. Federal Reserve Chairman Powell stated after the meeting that there was "strong disagreement about which of these risks needs to be the focus of our policy." Looking ahead to next year, there is even greater disparity among decision-makers regarding the direction of interest rates, with some believing that no rate cut is warranted. Among the Federal Reserve's 19 policymakers, 6 have indicated that a year-end 2025 rate of 3.9% would be appropriate, a level higher than the post-cut actual rate.