Rate-Cut Decision Was Narrow, Fed Minutes Show

• Fed officials are worried about the inflation impacts from Trump's policies, minutes show

  The Federal Reserve on Wednesday released minutes from its December meeting.
  
  CNBC - 14h
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  Fed Minutes May Show Why More Rate Cuts Will Face Hurdles

  After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.
  
  Inc. - 18h
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  Fed officials saw need for ‘careful approach’ to future rate cuts

  Minutes from December meeting show policymakers are concerned about US inflation risks
  
  Financial Times - 13h
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  Fed officials are worried about the inflation impacts from Trump's policies, minutes show

  Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving ...
  
  NBC News - 14h

• Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show

  “Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.
  
  MarketWatch - 14h

• Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

  Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.
  
  MarketWatch - 21h
• 

  Virginia Democrats maintain narrow legislative majorities after special election wins

  Democrats won a pair of special legislative elections in Virginia Tuesday, allowing the party to maintain their narrow majorities in both chambers.
  
  NBC News - 1d

• Fed has hit the pause button for rates, and may only cut once this year, experts say

  The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...
  
  MarketWatch - 2d

• Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes

  Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...
  
  MarketWatch - 6d

More from The New York Times

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  As Elon Musk Embraces the Far Right, Some of Its Leaders Reject Him

  Mr. Musk has fallen out with prominent right-wing Americans who say they are worried that their agenda may be sidelined in favor of his own — and that he is willing to silence them on X.
  
  The New York Times - 19h
• 

  Bitcoin Is Luring More Companies and Their Cash

  It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.
  
  The New York Times - 17h
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  How Trump’s Greenland Plan Could Hit Ozempic, Legos and Hearing Aids

  Putting tariffs on Denmark unless it cedes the island of Greenland could hurt access to a few key products, including popular medicines.
  
  The New York Times - 8h
• 

  Mark Zuckerberg’s Political Evolution, From Apologies to No More Apologies

  Meta’s chief executive has stepped away from his mea culpa approach to issues on his platforms and has told people that he wants to return to his original thinking on free speech.
  
  The New York Times - 1d
• 

  White House Ignites Firestorm With Rules Governing A.I.’s Global Spread

  The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.
  
  The New York Times - 1h

More in Business

• Why a 5% 10-year Treasury yield could be a buying opportunity

  Investors may look back and “see points in time” when Treasury yields were approaching 5% and investors should have been buying, according to PGIM’s head of global bonds.
  
  MarketWatch - 13m

• Eggs over potato chips: Brits are getting healthier but not happier, top retailers say

  Brits are getting healthier but not happier, according to updates from three of the company’s biggest food outlets.
  
  MarketWatch - 30m

• Consider flipping your 60/40 portfolio to 40/60 as bonds become more attractive than stocks

  It’s no longer the glory days for the classic 60/40 investment strategy.
  
  MarketWatch - 34m

• ‘We’ve had two cars for 40 years’: With congestion charges, insurance and gas prices — should we sell our second car? Or will we regret it?

  “I’m semi-retired working about 20 hours a month at my own business.”
  
  MarketWatch - 37m

• Medical debt may not hurt your credit score, a new rule says. What happens if you don’t pay the bill?

  Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.
  
  MarketWatch - 46m