A December interest rate cut that traders had viewed as a near-certainty no longer appears guaranteed. Federal Reserve officials are locked in a heated debate over whether to.
A December interest rate cut that traders had viewed as a near-certainty no longer appears guaranteed. Federal Reserve officials are locked in a heated debate over whether to cut interest rates at their last meeting of the year, exposing a rare internal split over the central bank’s next move, the Wall Street Journal reports. The disagreement centers on whether the bigger threat is stubborn inflation or a weakening job market. This divide has thrown what once seemed like a straightforward path to more rate cuts into uncertainty, though some 80% of economists polled by Reuters expect a quarter-point rate cut.
