https://www.cnbc.com/2024/02/21/fed-...uary-2024.html
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
The discussion came as policymakers not only decided to leave their key overnight borrowing rate unchanged but also altered the post-meeting statement to indicate that no cuts would be coming until the rate-setting Federal Open Market Committee held "greater confidence" that inflation was receding.
The meeting summary indicated a general sense of optimism that the Fed's policy moves had succeeded in lowering the rate of inflation, which in mid-2022 hit its highest level in more than 40 years.
However, officials noted that they wanted to see more before starting to ease policy while saying that rate hikes are likely over. Members cited the "risks of moving too quickly" on cuts.