Overview
- Minutes from the Oct. 28–29 FOMC meeting were published Nov. 19 by the Federal Reserve.
- Many participants judged that holding the policy rate in December would be appropriate.
- A minority argued for continuing interest-rate cuts, underscoring internal differences on the path of easing.
- Market-implied odds of a December hold rose to about 66% by the afternoon of Nov. 19 from roughly even the day before.
- The next policy decision will come at the Dec. 9–10 FOMC meeting, leaving the final outcome still to be decided.