The Fed's rate cut masked large internal differences about where policy is going

The Fed’s rate cut masked large internal differences about where policy is going

The Federal Reserve found plenty of unity this week to push through a quarter percentage point interest rate reduction, a decision that nonetheless masked substantial divisions among officials over what’s ahead. Countering Wall Street expectations for multiple dissents, the rate-setting Federal Open Market Committee on Wednesday voted 11 to 1 in favor of the reduction….

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