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Federal Reserve Shows Dual Dissent on Interest Rates for the First Time in Years
Summary: According to sources, the latest Federal Reserve interest rate decision has encountered a rare situation of 'hawks and doves flying together': Board member Stephen Milan has advocated for a more aggressive rate cut for the second consecutive meeting, suggesting a one-time 50 basis point cut instead of the actual 25 basis point cut; meanwhile, Kansas ...
According to sources, the latest Federal Reserve interest rate decision has encountered a rare situation of 'hawks and doves flying together': Board member Stephen Milan has advocated for a more aggressive rate cut for the second consecutive meeting, suggesting a one-time 50 basis point cut instead of the actual 25 basis point cut; meanwhile, Kansas City Fed President Schmid has taken a hawkish stance against any rate cuts, advocating for keeping rates unchanged. This dual dissent at the meeting last occurred in September 2019, reflecting significant divergence within the Federal Reserve on the economic outlook.
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Link: Federal Reserve Shows Dual Dissent on Interest Rates for the First Time in Years [Copy]
