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Powell on Track for Fed Rate Cut Despite Some Dissent
Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut this week despite growing unease among fellow policymakers that inflation remains too high. The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market. But that was followed by an outburst of hawkish concern from some officials, including five who vote on policy this year, signaling hesitancy or unwillingness to support a third move in December. That growing division has been exacerbated by the lack of fresh economic data due to a government ... (full story)
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