{"id":301727,"date":"2025-11-19T19:27:07","date_gmt":"2025-11-19T19:27:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/301727\/"},"modified":"2025-11-19T19:27:07","modified_gmt":"2025-11-19T19:27:07","slug":"most-officials-supported-more-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/301727\/","title":{"rendered":"Most officials supported more rate cuts"},"content":{"rendered":"

By CHRISTOPHER RUGABER, Associated Press<\/p>\n

WASHINGTON (AP) \u2014 A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting<\/a> in December, according to minutes released Wednesday.<\/p>\n

At the same time, many officials said \u201cit would likely be appropriate\u201d to keep rates \u201cunchanged for the rest of the year,\u201d a sign of strong divisions<\/a> among policymakers about the central bank\u2019s next steps.<\/p>\n

Rate cuts by the Fed, over time, typically lower borrowing costs for mortgages, car loans, and credit cards.<\/p>\n

Fed officials are deeply split<\/a> over the biggest threat to the economy: weak hiring or stubbornly-elevated inflation. If a sluggish job market is the biggest threat, then the Fed would typically cut rates more. But it combats inflation by keeping rates elevated, or even raising them.<\/p>\n

Chair Jerome Powell had telegraphed the deep divisions among the Fed\u2019s 19-member interest-rate setting committee at a news conference following the Oct. 28-29 meeting<\/a>. The minutes were released after the customary three-week delay.<\/p>\n

\u201cParticipants expressed strongly differing views\u201d about whether the Fed should cut at its December 9-10 meeting, the minutes said.<\/p>\n

The central bank decided to cut its key rate to about 3.9% at the late October meeting, down from 4.1% and the second cut this year. In September, the Fed projected it would reduce rates three times this year, in September, October, and December.<\/p>\n","protected":false},"excerpt":{"rendered":"By CHRISTOPHER RUGABER, Associated Press WASHINGTON (AP) \u2014 A majority of Federal Reserve policymakers expressed support in late…\n","protected":false},"author":2,"featured_media":301728,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,156985,156986,3,156987,21,19,22,20,25,24],"class_list":["post-301727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-fed-minutes","tag-fed-minutes-october","tag-news","tag-october-fed-minutes","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/301727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=301727"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/301727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/301728"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=301727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=301727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=301727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}