'Around half' of Fed officials saw another two interest rate cuts by the end of 2025

Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed.The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank's key overnight borrowing rate should be cut due to weakness in the labor market.They split, however, on whether there should be two or three total reductions this year, including the quarter ...