Federal Reserve officials have expressed a preference for gradually reducing interest rates in the future, according to the minutes from their recent policy meeting.

The discussions showed that participants agreed that if economic data aligns with expectations, such as inflation continuing to decrease towards the 2% target and the economy maintaining near-maximum employment, then a cautious shift towards a more neutral policy stance would be appropriate over time.

The minutes from the Federal Open Market Committee meeting, which ended on November 7, indicate a cautious optimism about the economy's resilience and the ongoing moderation of inflation. This measured approach indicates that the Fed is committed to balancing economic growth with the need to control inflation, signaling to markets that any adjustments to interest rates will be made thoughtfully and in response to evolving economic conditions.