Some Fed officials believe that further rate hikes may be appropriate

Sina Financial News Federal Reserve Meeting Minutes: Almost all participants said their Benchmark projections suggest that drop federal funds Intrerest Rate by the end of 2024 is appropriate given the improvement in their inflation forecasts. However, participants also noted that their inflation forecasts are accompanied by an unusually high level of uncertainty and that further rate hikes may be appropriate under certain economic conditions. Some also point out that Intrerest Rate has remained at current levels for longer than they currently expect. Participants generally stressed the importance of maintaining a cautious and data-dependent approach when making monetary policy decisions, and reiterated that it would be appropriate for policy to maintain a restrictive stance for some time until inflation is clearly and sustainably declining towards target.