Stock Market Investors May Get Bad News From the Federal Reserve This Week

Specifically, Governor Stephen Miran argued for a more aggressive 50-basis-point rate cut, while Kansas City Fed President Jeffrey Schmid argued no cut was necessary. Two FOMC members have dissented in opposite directions only once before in the last 35 years .The FOMC is abnormally divided about the most appropriate path forward. Policymakers held rates steady in July, but two governors dissented in favor of a 25-basis-point cut. That last happened in 1993. Subsequently, when policymakers lowered rates by ...