Fed shows doubt about multiple rate cuts to end the year

分组1 - The Federal Reserve is experiencing a significant disagreement among its members regarding the future outlook, with seven members favoring either one more cut or no cuts, while nine members support two additional cuts [2][5][7] - The current economic environment presents a two-sided risk, complicating the decision-making process for policymakers, as typically weak labor markets coincide with low inflation and strong labor markets raise inflation concerns [4][7] - The Fed Chair indicated that future decisions will be made on a meeting-by-meeting basis, emphasizing the need to assess incoming data before making further cuts [3][6][7] 分组2 - The futures market appears to be pricing in two additional rate cuts, reflecting investor sentiment about the Fed's future actions [5][6] - There is a level of uncertainty reintroduced into the market, as the Fed Chair acknowledged the lack of clear paths forward, which may affect investor confidence [7][11] - The Fed is facing unprecedented challenges on both sides of its mandate, indicating a complex economic landscape that requires careful navigation [9][10][11]