Mumbai, April 9 -- The latest minutes from the Federal Reserve's March meeting show that policymakers are firmly in a "wait-and-see" mode, while acknowledging that economic risks are becoming more evenly balanced.
Officials largely agreed that keeping interest rates unchanged in March was the right decision, with most believing current policy is already close to a neutral level. This suggests that the bar for any further rate hikes remains high. At the same time, the Fed is taking a more flexible approach, recognizing that future decisions could move in either direction.
Many policymakers still expect that rates may be cut if inflation continues to ease. However, confidence in that outlook is not absolute. Several officials have already p...