Fed Projects One Rate Cut, Divided on Path
Update: 2025-12-10
Description
The Federal Reserve recently held a meeting, releasing new economic projections that suggest a single quarter-percentage-point interest rate cut in 2026. Despite inflation slowing to 2.4% by the end of next year, the economy is expected to grow at a 2.3% rate, and unemployment to remain at 4.4%. The Feds statement, which often signals a pause in policy actions, went against market expectations of two rate cuts next year. Three members dissented, with two arguing for no change and one advocating for a larger half-percentage-point reduction. The Feds decision was made without recent job and inflation reports, relying on internal surveys and private data. Upcoming November data and a detailed report on third-quarter economic growth will provide a clearer picture.
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