FOMC meeting minutes released: Officials support December rate cut, but remain cautious about further easing.

Federal Reserve officials generally supported the December rate cut; however, they maintained a cautious stance regarding subsequent steps.

Fed staff revised their economic growth outlook slightly upward compared to the October meeting.

Some participants suggested that keeping rates steady for a period after the December cut might be appropriate.

Most officials assessed that further rate cuts would be appropriate if inflation continues to fall as expected.

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