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✅ Some Fed officials indicated that, based on their current outlook, keeping interest rates unchanged for the rest of the year is appropriate.

✅ Meanwhile, other Fed members argued that a rate cut in December would be the right move.

Because the Minutes did not specify how many officials supported each view, we still don’t know which side currently holds the majority regarding a potential December rate cut.

In short, the Minutes offered limited actionable information. We’ll still have to wait for tonight’s release of the September Non-Farm Labor Market data to get clearer direction.
#Fed