Why the Fed’s Next Interest Rate Move Is Becoming So Hard to Predict

Federal Reserve Chair Jerome Powell speaks after October's Fed meeting. Officials remain divided over December's rate decision. Hu Yousong / Xinhua via Getty Images Close Key Takeaways What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and get 12 different answers. It's up in the air whether the Fed will lower its key interest rate for a third time in as many meetings in December. The chances of a rate cut were hovering around 50% Tuesday, acco ...