Cooling Labor Market and Elevated Inflation Stoke Fed Divisions on Rate Cuts
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
Last updated: 2025-12-13 04:07:57 ET
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
Gov. Tiff Macklem says uncertainty remains elevated, and data volatility makes it difficult to judge underlying momentum.
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New numbers from the Commerce Department show inflation is still elevated, but it doesn't appear to be getting worse. The Federal Reserve is expected to cut interest rates next week by another quarter percentage point.