「Fed Whisperer」: Expect Committee to Maintain Divisive Stance

BlockBeats News, October 29, "Fed's Whisperer" Nick Timiraos wrote that there were some differences at the October rate-setting meeting: the September dot plot illustrated a division within the Committee, with a majority leaning toward further rate cuts as a risk management tool, but a significant minority seeing no need for further cuts. Typically, data would help reconcile such divergences. However, with fewer high-level data points available to refine the outlook between FOMC meetings, members had less reason to change their stance.