Reported about 4 hours ago
Federal Reserve minutes from the September meeting revealed a lively internal debate regarding the appropriate magnitude for the first interest rate cut in over four years. While a significant majority supported a 50 basis point reduction, some preferred a smaller cut of 25 basis points, citing ongoing inflation concerns. The discussions highlighted a division among policymakers on how best to proceed, balancing economic growth and job market strength against inflation risks.
Source: YAHOO