Reported about 11 hours ago
The Federal Reserve is poised to enact its second consecutive interest rate cut to bolster a fragile job market; however, the prospect of extending this easing cycle could reignite concerns about inflation among some officials. While the current dovish faction supports lower rates, critics argue the cuts may be excessive, especially with inflation pressures returning. Recent labor market data shows little improvement, and anticipation of additional cuts has driven Treasury market returns. Meanwhile, regional Fed presidents express cautious optimism, underscoring a divide within the Fed as it navigates economic uncertainties.
Source: YAHOO