Fed officials ‘expressed strongly differing views’ on December rate cut, meeting minutes show

Teona Gherasim

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their  next meeting  in December, according to minutes released Wednesday. At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year,” a sign of  strong divisions  among policymakers about the central bank’s next steps. Rate cuts by the Fed, over time, typically lower