Fed's Rate Cut: Divided Bank, Job Market Concerns
Update: 2025-12-11
Description
The Federal Reserves recent interest rate cut, its third consecutive, aims to bolster the weakening job market while signaling a limit to further cuts. This decision, however, has sparked internal disagreements, with three officials voicing different opinions. The December meeting holds significance as it might be Powells last with full authority, with a successor potentially named as early as 2026. The primary concern is the job market, which has seen a noticeable slowdown in hiring and a slight increase in unemployment. Despite no widespread layoffs in official data, private sector reports indicate a more urgent situation, with employers shedding jobs, particularly in small businesses.
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