Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.

The FOMC meeting for this month is set to take place between 28th and 29th, and all eyes are on the Federal Reserve interest rates decision.

Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress on cooling inflation will likely be slower this year than previously anticipated.

St. Louis Fed President Alberto Musalem said by the time of last month’s meeting the risk that inflation might get stuck between 2.5% and 3% had increased. As a result, he thoug

Federal Reserve officials were "at or near the point at which it would be appropriate to slow the pace of policy easing," minutes from the Federal Open Market Committee's Dec. 17-18 gathering showed.