The Fed has lowered interest rates by a total of 75 basis points over its last two meetings, but further rate cuts may be sparse.

The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick in prices that could cajole the central bank into cutting interest rates less aggressively.

The central bank’s target rates and its much-publicized recent rate cuts don’t directly set long-term mortgage and business loan rates. It’s not unheard

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Despite inflation in some sectors remaining outside the Federal Reserve's benchmark of 2%, officials indicated they are pleased with the current easing of interest rates, and more gradual cuts may follow.

Minutes from the Federal Reserve’s November meeting offered little signal about whether officials would cut interest rates at their next gathering, though they suggested that policymakers did expect to continue to lower borrowing costs “gradually” over time.

Key Takeaways Minutes from the Federal Open Market Committee's latest meeting confirmed that policymakers are taking a cautious approach to cutting interest rates.The release of the minutes Tuesday, from a meeting in early November,

The Federal Reserve’s November minutes have revealed cautious optimism among investors. Inflation is easing, and the labor market seems to be holding strong which has set up a stage for gradual rate cuts.

Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group agreed this was a moment to avoid giving much concrete guidance about how US monetary policy is likely to evolve in the weeks ahead.