FOMC December meeting minutes coming up - premature rate cut euphoria likely to take a hit ...Middle East

The Federal Reserve's Federal Open Market Committee (FOMC) December meeting minutes are due at 2pm US Eastern time on Wednesday. Officials at the Fed have been telegraphing around 3 rate cuts ahead in 2024. Market participants have run way ahead of this with expectations of 6 cuts, and even 7, commonplace. Prompting stern disapproval from some folks:"market is like a spoiled child"Today's December meeting minutes are an opportunity to see some reassessment of expectations for the cuts coming in 2024. If there is pushback in the minutes it'll add to comments from officials like New York Fed President Williams who said It's premature to be even thinking about March cuts.Analysts I've seen are

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FOMC December meeting minutes coming up - premature rate cut euphoria likely to take a hit ...Middle East

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