Reported 10 days ago
The Federal Reserve is moving toward rate cuts, but a lack of consensus was evident in the recent decision to lower rates by half a percentage point, as varying perspectives among policymakers emerge. Key upcoming labor market data may influence future decisions, particularly with concerns about job market softness and inflation levels. While some members advocate for larger cuts due to signs of inflation easing, others caution against risking renewed inflationary pressures, highlighting the division within the Fed as they prepare for their next policy meeting.
Source: YAHOO