Fed Divided on Future Rate Cuts Amid Mixed Economic Signals

TL;DR Summary
Federal Reserve officials showed caution regarding inflation, with some preferring to hold rates steady despite a recent rate cut, amid concerns that inflation remains above target and the US labor market may weaken, influenced by trade policies and political pressure from Trump.
- Fed officials were cautious about inflation as they agreed rate cuts Financial Times
- Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show CNBC
- Minutes of the Federal Open Market Committee, September 16–17, 2025 Federal Reserve Board (.gov)
- Mixed Economic Signals Stoke Divisions at Fed, Minutes Show The New York Times
- Fed minutes show some officials cautious about recent rate cut Axios
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