Earlier this week we asked: Is Wall Street starting to second-guess the inflation outlook? The Fed’s adding to the suspense — minutes from the Oct. 28–29 policy meeting reveal growing doubts about the case for more rate cuts. “In discussing the near-term course of monetary policy, participants expressed strongly differing views about what policy decision would most likely be appropriate at the committee’s December meeting,” the minutes said. Fed funds futures reacted quickly as traders dialed down expectations for another round of policy easing at the Dec. 10 FOMC meeting. Earlier in the week, the market was pricing ... (full story)