Fed’s 50bps rate cut backed by majority, but divisions emerge on future easing pace

Fed’s decision to cut interest rates by 50 basis points last month was backed by a “substantial majority,” but the minutes of the meeting revealed a more intense debate among policymakers. Only Governor Michelle Bowman dissented, while others showed mixed views on the appropriate pace of easing. Some participants expressed that a 25bps cut would […]

The post Fed’s 50bps rate cut backed by majority, but divisions emerge on future easing pace appeared first on Action Forex.