FOMC Minutes Show Fed Does Not Hurry To Cut Rates

On February 19, 2025, the Federal Reserve released the Minutes of the Federal Open Market Committee meeting, which was held on January 28-29, 2025.

The Minutes showed that almost all members agreed that employment and inflation goals were roughly in balance.

The Fed believes that it is well positioned to take time to assess the outlook for economic activity, the labor market, and inflation.

As the economy remained near the maximum level of employment, the Fed wants to see additional progress on inflation before cutting rates further.

Overall, the Minutes showed that Fed was prepared to wait to see how trade wars and other uncertainties impact the economy and inflation.

U.S. Dollar Index moved lower as traders reacted to FOMC Minutes. Currently, U.S. Dollar Index is trying to settle below the 107.15 level.

Gold settled near the $2925 level after the release of the Minutes. From a big picture point of view, gold traders take some profits off the table near historic highs.

SP500 moved higher and climbed above the 6140 level as traders focused on FOMC Minutes. It looks that traders feared that FOMC Minutes would be more hawkish.

For a look at all of today’s economic events, check out our economic calendar.