๐บ๐ธ FOMC FED MEETING MINUTES โ KEY TAKEAWAYS
๐น No broad support for a December rate cut โ majority lean toward holding steady.
๐น Labor market is softening gradually, with no signs of sharp weakening.
๐น Hiring is slowing as businesses turn cautious, but layoffs remain low.
๐น AI and structural shifts may reduce long-term labor demand.
๐น Inflation expected to stay slightly elevated in the near term before easing toward 2%.
๐น Long-term inflation expectations remain well anchored.
๐น Economic growth continues at a moderate, steady pace.
