A Fed rate cut next month seemed doubtful. Here's why it's now likely to happen.

Core Viewpoint - There is a growing consensus among Federal Reserve officials for a third consecutive interest-rate cut despite significant differences in their opinions [1] Group 1 - The Federal Reserve is likely to implement a third interest-rate cut in succession, indicating a shift in monetary policy [1] - Divergent views among Fed officials are becoming less pronounced as they align on the need for further rate reductions [1] - The potential rate cut reflects ongoing economic conditions and the Fed's response to them [1]