Fed minutes show divide over October rate cut and cast doubt about December

Fed minutes show divide over October rate cut and cast doubt about December


Key Points
  • While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less certain.
  • Disagreements stretched into the outlook for December, with officials expressing skepticism about the need for an additional cut that markets had been widely anticipating, with “many” saying that no more cuts are needed at least in 2025.



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