Fed Minutes: No One Expects 2023 to Cut Rates

In the last two months of last year, analysts in the financial and investment markets were racking their brains to judge whether the Fed’s next step was to be a hawk or a dove. Judging from the data, inflation in the United States has slowed down, and it is reasonable to suspend the rate hike , but the Federal Reserve is clinging to the ideal inflation data of 2%, and there is still a possibility of raising interest rates in the future. But the minutes of Fed officials’ most recent meeting showed they backed another rate hike this year and warned they would need to see more evidence that inflation was easing before considering a shift in policy, perhaps illustrating that, despite much controversy, The Fed will still insist on reaching the 2% inflation target before letting go.