Fed Cuts Rates — But a Rare Internal Split Signals a Tough Road Ahead
Key Points A divided Federal Reserve delivered the widely expected “hawkish cut” on Wednesday, lowering its key overnight borrowing rate by a quarter percentage point to a new range of 3.5% to 3.75%. But the move came with a clear warning: future cuts won’t come easily. The vote revealed unusually strong internal disagreement — three … Read more