But minutes from their December meeting suggest that the decision was a close call — and that there is no guarantee policymakers will lower rates again anytime soon. The minutes of the central bank’s Dec.

St. Louis Fed President Alberto Musalem said by the time of last month’s meeting the risk that inflation might get stuck between 2.5% and 3% had increased. As a result, he thoug

Having delivered a percentage point of interest-rate cuts in the closing months of last year, Federal Reserve officials are entering 2025 with open minds. Policy has been “recalibrated” for the curren