Further rate cuts in question as Fed policymakers deeply divided over December cut, minutes show
Federal Reserve policymakers are divided over the December interest rate cut decision, as indicated in the meeting minutes. The Fed cut rates by 25 basis points to a range of 3.5% to 3.75%, amidst economic risks related to inflation and the labor market. Some members opposed the cut, suggesting that further data on labor and inflation would be necessary before making future decisions. The next monetary policy meeting is scheduled for January 27-28, with an 85% probability that rates will remain unchanged.
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