Reported about 6 hours ago
The latest FOMC minutes indicate a split within the Federal Reserve regarding future interest rate cuts, with many agreeing on further reductions in 2025. While the Fed cut rates by a quarter point during its September meeting due to rising employment risks, concerns about inflation still loom, with some officials advocating for stable rates. The discussions highlight a tense balance between supporting job growth and controlling inflation as members predict two additional cuts this year.
Source: YAHOO