The Fed's meeting minutes reveal serious internal divisions, with decision-makers insisting on interest rate cuts amid inflation warnings.

On November 20, Jin Shi Data reported that the minutes from the Fed's October policy meeting showed significant divisions among the Fed's decision-makers during last month's interest rate cut. Although policymakers warned that rate cuts could affect efforts to contain inflation—U.S. inflation has remained above the 2% control target for the past four and a half years—they ultimately decided to lower the rates. The minutes stated, "Many participants supported lowering the target range for the federal funds rate," but also noted that some members who supported a rate cut found maintaining rates unchanged equally acceptable. Several officials directly opposed the rate cut, expressing concerns about the committee's progress toward achieving the 2% inflation target and pointing out that if inflation does not return to 2% in a timely manner, long-term inflation expectations may rise. The minutes added, "Most participants noted that further lowering the policy rate could exacerbate the risk of persistently high inflation or be misinterpreted by the market as a lack of commitment by decision-makers to achieve the 2% inflation target." This record reflects the officials' efforts to seek consensus amid data shortages: weighing the dual risks of rising inflation and a weak labor market, while warning that a "sharp revaluation" of investments in artificial intelligence could lead to "disorderly declines in the stock market." #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察