Fed Minutes Reveal Deep Divide as Rate Cut Era Fades

The minutes from the January 27–28, 2026 Federal Open Market Committee meeting show a central bank growing increasingly cautious about inflation risks and far less confident about resuming rate cuts anytime soon. While policymakers ultimately voted 10–2 to keep interest rates unchanged at 3. 50%–3. 75%, the tone of the discussion leaned noticeably hawkish source: https://www.ethnews.com/fed-minutes-reveal-deep-divide-as-rate-cut-era-fades/