Fed minutes hint rate cut may come

(CNN)– We may soon be getting a break from the Federal Reserve.

Minutes from the Central Bank’s December policy meeting were released on Wednesday.

They show the Fed expect to cut interest rates for the first time since March of 2022.

When its inflation-curbing campaign began.

According to the personal consumption expenditures price index inflation is just below 3% and down from the four-decade high it reached in mid-2022.

Goldman Sachs predicts rate cuts will start in March but others don’t see it happening that soon.