Fed officials discussed reducing asset runoff pace and considering interest rate cuts amid inflation data.

Fed policymakers generally favored reducing the pace of asset runoff by roughly half, according to minutes from their latest meeting. Officials also judged it appropriate to consider lowering borrowing costs at some point this year, despite inflation data disrupting expectations for three interest-rate cuts. The Fed is cautiously discussing plans to slow down the process of unwinding their massive balance sheet, known as quantitative tightening, with no decisions made yet.

April 10, 2024
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