Core Viewpoint - The latest Federal Reserve meeting minutes indicate a divided stance among policymakers regarding interest rate cuts, with a focus on upcoming U.S. economic data to guide future decisions [1] Group 1: Federal Reserve Actions - The Federal Reserve decided to cut interest rates despite warnings that lowering borrowing costs could impact inflation management, which has been above the 2% target for four and a half years [1] - Fed Chair Jerome Powell stated that a rate cut in December is "not a done deal," highlighting the uncertainty surrounding future monetary policy [1] Group 2: Market Reactions - Following the release of the meeting minutes, gold prices retraced some gains as market participants shifted their attention to forthcoming U.S. economic data for clues on the interest rate path [1] - According to the CME FedWatch Tool, traders currently assign a 30% probability to a rate cut in December [1]