Cooling Labor Market and Elevated Inflation Stoke Fed Divisions

Core Viewpoint - Federal Reserve officials expressed their disagreement with the decision to reduce interest rates by a quarter of a percentage point this week [1] Group 1 - The central bank's decision to cut interest rates was met with opposition from several Fed officials [1] - The reduction in interest rates is seen as a controversial move among policymakers [1] - Officials provided explanations for their stance against the rate cut, indicating concerns about potential economic implications [1]