Federal Reserve Officials Divided on December Rate Cut Decision

According to Odaily, during the Federal Reserve's October meeting, officials expressed increasing disagreement over whether to implement a rate cut next month. This division has led to a growing number of policymakers, potentially forming a slight majority, feeling uneasy about a rate reduction in December. Several participants assessed that if economic developments align with their expectations for the upcoming intermeeting period, a further rate cut in December might be appropriate. Many attendees indicated that maintaining the target range unchanged for the remainder of the year could be suitable based on their economic outlook. The term 'many' encompasses a larger number than 'several,' suggesting a closely contested vote in December.