Fed Minutes Cite Moderate Growth, Cooling Labor Market in December

Minutes of the Federal Reserve’s December policy meeting indicate that U.S. economic growth remains moderate and that labor market conditions continue to cool, according to the document, which was cited by Wu Blockchain. Participants projected that inflation would move toward the Fed’s 2% objective over time and that economic growth would remain modestly above its longer-run potential after 2025. The minutes also noted that a potential federal government shutdown could weigh on near-term U.S. GDP growth.