The Federal Reserve's hawkish rate cut as scheduled, internal disagreements are widening, with only one more cut expected in 2026The Federal Reserve (Fed) proceeded with its third rate cut of the year as markets expected, but the internal disagreements behind this policy adjustment are unprecedented. The Federal Open Market Committee (FOMC) approved a 0.25 percentage point rate cut with a vote of 9 to 3, lowering the target range to 3.5% to 3.75%. Although this is viewed as a "hawkish rate cut," the Fed also signaled a highly cautious stance regarding further easing in the future, and market expectations for rate cuts next year are rapidly cooling.
Three officials dissent in the vote, revealing internal cracks within the Fed
This voting result is the first time since September 2019 that three officials voted against the policy, reflecting significant disagreement over the direction of policy. Dissenting "dovish" member Stephen Miran supports a 0.5 percentage point cut, while those insisting on "holding steady" remain firmly...
ChainNewsAbmedia·2h ago