[Federal Reserve Meeting Minutes Suggest Halting Balance Sheet Reduction] Federal Reserve meeting minutes indicate that the SOMA manager has recommended the Fed to halt balance sheet reduction as soon as possible. Excessive volatility in the repo market could impact the Fed's rate control and the Treasury market.

[Federal Reserve Meeting Minutes: Majority of Participants Warn of Rate Cut Risks] The Federal Reserve meeting minutes indicate that the majority of participants believe further rate cuts could increase the risk of entrenched high inflation and might be misinterpreted as a lack of commitment by the Federal Reserve to achieving the 2% inflation target.

[Federal Reserve Meeting Minutes: Some Participants Support Increasing the Proportion of Short-Term Treasury Holdings] The Federal Reserve meeting minutes show that some participants prefer holding a larger proportion of U.S. short-term Treasuries, believing that this move could provide greater flexibility advantages.

[Federal Reserve Meeting Minutes Mention Risk of Disorderly Decline in Stock Market] The Federal Reserve meeting minutes indicate that several participants emphasized the risk of a disorderly decline in the stock market, particularly in the event of a sudden reassessment of prospects related to artificial intelligence.

[Federal Reserve meeting minutes show division among policymakers on December rate cut] On November 20, the Federal Reserve meeting minutes revealed that policymakers were divided on whether to support the rate cut decision at the current meeting and whether a rate cut in December would be appropriate. Several participants believed that keeping interest rates unchanged for the remainder of the year was appropriate, while several other officials anticipated that a rate cut in December would be suitable.