None of the 19 top Federal Reserve officials expect it will be appropriate to cut interest rates this year, according to the minutes of the central bank’s December policy meeting released Wednesday.

Fed officials welcomed recent inflation data that showed reductions in the monthly pace of price increases, but wanted to see a lot more evidence of progress to be convinced inflation was on a sustained downward path, the minutes said. #CoSoFinance https://www.marketwatch.com/story/no-fed-official-expects-interest-rate-cuts-will-be-appropriate-this-year-minutes-show-11672859007