Minutes from the Federal Reserve's November meeting reveal officials are cautious about cutting interest rates too quickly despite some optimism that inflation is easing. While they expressed confidence that inflation is moving toward the 2% target, uncertainty about economic conditions and President-elect Trump's fiscal policies complicate their decisions. The Fed has cut rates three times this year but plans to move gradually in future cut decisions. Analysts expect another quarter-point reduction at the December meeting, with various officials urging a careful assessment of inflation and growth before further rate adjustments.