Group 1: Federal Reserve's Interest Rate Decisions - Several Federal Reserve regional presidents expressed dissatisfaction with the decision to lower interest rates, indicating a growing internal division regarding future rate paths [1] - Dallas Fed President Logan stated that she does not see the necessity for a rate cut unless inflation significantly decreases or the labor market cools down [1] - Cleveland Fed President Harmack criticized the rate cut, suggesting that current rates are close to neutral and further cuts could undermine efforts to bring inflation back to the 2% target [1] Group 2: Economic Indicators and Concerns - Atlanta Fed President Bostic emphasized the need for Powell to demonstrate the internal disagreements to prevent market misinterpretation of the rate path [1] - Fed Governor Waller advocated for a rate cut in December, citing concerns over the labor market and downplaying the inflationary risks from tariffs [2] - Waller noted that the Personal Consumption Expenditures (PCE) inflation rate is approximately 2.5%, indicating it is not far from the target [2] Group 3: Market Reactions - Gold prices experienced slight declines due to hawkish Fed decisions and reduced expectations for a December rate cut, alongside easing trade tensions [3] - The USD/JPY pair saw a slight decline influenced by profit-taking and expectations of intervention by the Bank of Japan, despite strong CPI data [4] - The USD/CAD pair rose slightly, supported by hawkish Fed sentiments and weak Canadian GDP data, although rising oil prices limited its upward movement [5]