The Federal Reserve's latest meeting minutes have revealed a potential shift in their monetary policy approach, hinting at a gradual path towards interest rate cuts.

This development is significant, as it suggests a potential deviation from the central bank's previously more hawkish stance on combating inflation.

The minutes indicate that Fed officials are closely monitoring the evolving economic landscape, weighing the impacts of past rate hikes and the potential risks posed by a continued tightening of monetary policy.

Specifically, the minutes note that "many participants emphasized the need to be particularly attentive to the lagged effects of monetary policy and the risks of overtightening." - https://cnbcnetwork.com/blog/federal-reserve-interest-rates-cuts/?unique_id_oajc66ax

Federal Reserve Signals Potential for Gradual Interest Rate Reductions