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Federal Reserve Divided on Possible Rate Cuts Ahead

11/17/2025

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Summary

Story summary

Federal Reserve policymakers are divided on rate cuts, a shift from the consensus under Chair Jerome Powell.
The rate-cut decision faced dissent from two officials, the first since 2019.
The division stems from uncertainties in the U.S. economy and President Donald Trump’s trade policies.
As data arrives, the path remains uncertain, with a December rate cut now seen as possible.

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Story summary

Federal Reserve policymakers are divided on rate cuts, a shift from the consensus under Chair Jerome Powell.
The rate-cut decision faced dissent from two officials, the first since 2019.
The division stems from uncertainties in the U.S. economy and President Donald Trump’s trade policies.
As data arrives, the path remains uncertain, with a December rate cut now seen as possible.