【The minutes of the meeting show that the Federal Reserve is inclined to gradually cut interest rates】The minutes of the November monetary policy meeting released by the US Federal Reserve on the 26th show that if economic performance is in line with expectations, then it may be appropriate to gradually cut interest rates and shift to a more neutral policy stance. After the monetary policy meeting ended on November 7, the Federal Reserve announced that it would lower the federal funds rate target range by 25 basis points to between 4.5% and 4.75%. The minutes of the meeting show that Federal Reserve officials still don't know how close the current interest rate level is to a neutral interest rate level that neither limits nor stimulates economic growth. Many officials said that uncertainty has caused the Federal Reserve to “complicate the assessment of the extent of monetary policy restrictions,” so “it is appropriate to gradually reduce policy restrictions.” The Federal Reserve will hold its last monetary policy meeting of the year from December 17 to 18. According to a Federal Reserve tracking data from the Chicago Mercantile Exchange, the market currently expects a 63% chance that the Fed will cut interest rates by 25 basis points in December. (Xinhua)