Fed officials were divided on whether to cut rates by half a point in September, minutes show

Fed officials divided on interest rate cuts: Insights from September meeting minutes

During the recent Federal Reserve meeting in September, officials reached a consensus to reduce interest rates, yet they exhibited significant division regarding the extent of the cut. The minutes released on October 9 revealed that while a half-point reduction was ultimately decided upon, many members expressed uncertainty about this aggressive move, advocating instead for a more cautious approach, according to a detailed report by CNBC.

US Fed minutes show officials divided on half point rate cut in September

Washington: US Federal Reserve officials were divided on the size of the rate cut in its recent policy meeting, according to the minutes of the Fed’s September 17-18 meeting. “Noting that inflation was still somewhat elevated while economic growth remained solid and unemployment remained low, some participants observed that they would have preferred a 25 basis point reduction of the target range at this meeting, and a few others indicated that t…

U.S. Fed minutes show officials divided on half point rate cut in September

WASHINGTON, Oct. 9 (Xinhua) -- U.S. Federal Reserve officials were divided on the size of the rate cut in its recent policy meeting, according to the minutes of the Fed's Sept. 17-18 meeting released Wednesday. Read full story

Fed minutes show majority favoured large September rate cut

Officials said future pace of cuts not determined by large initial reduction

Fed shrugs off downturn concerns in latest minutes

Despite recent concerns among business leaders that the economy may enter a contraction some time in the next six months, U.S. central bankers see the economic outlook as fundamentally healthy. The minutes of the latest meeting by the Fed’s interest rate-setting committee show bankers to be confident in the U.S. economic situation over the current…

A "substantial majority" of Fed favored large cut in Sept, minutes show

A "substantial majority" of U.S. Federal Reserve officials at the central bank's September meeting supported beginning an era of easier monetary policy with an outsized half-point rate cut, but there appeared even broader agreement that the initial move would not commit the Fed to any particular pace of rate reductions in the future, according to just-released minutes of the two-day session.