Federal Reserve meeting minutes reveal internal disagreement over interest rate cuts
ChainCatcher news, according to Golden Ten Data, the minutes of the Federal Reserve meeting show that officials were divided over future interest rate levels when they approved the first rate cut of the year last month. Most officials believe that "further policy easing may be appropriate during the remainder of this year," but a minority of officials think there is no need for a rate cut. Of the 19 officials, slightly more than half expect at least two more rate cuts this year. Investors generally expect the Federal Reserve to cut rates by another 25 basis points at the next meeting in October.
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