The recent minutes from the Federal Reserve's meeting held on November 6-7 provide insight into the central bank's approach to interest rates. Although there is no clear indication of immediate cuts, policymakers have indicated an expectation to reduce borrowing costs gradually in the future. The discussions highlighted that while they are planning further reductions in rates, they are not eager to implement drastic changes quickly due to the surprisingly resilient job market and steady economic growth.

Officials maintained a view that a gradual adjustment toward a more neutral policy stance would be appropriate over time. Currently, they regard the existing policy rate, which is within the range of 4.5 percent to 4.75 percent, as being restrictive, suggesting it is sufficiently high to inhibit economic growth.