Odaily Planet Daily News: Federal Reserve officials are increasingly divided over the future direction of interest rates, but most believe that further rate cuts are necessary this year. The minutes of the Federal Reserve's September meeting released on Wednesday showed that the committee is struggling to deal with conflicting economic signals and is struggling to reach a consensus on which is the most pressing issue: stubborn inflation or a weak labor market. The minutes showed that Federal Reserve officials unanimously agreed that a rate cut was necessary given the recent weak employment data, but officials disagreed on the future path. However, the minutes showed that "most people believed that further easing of policy might be appropriate for the remainder of the year." However, some policymakers "pointed out that, judging by several indicators, financial conditions suggest that monetary policy is not particularly restrictive, and they believe that a cautious approach is necessary." According to the September forecast, 10 Federal Reserve officials hinted that they expect two more rate cuts this year, while 9 believed that there should be one or fewer rate cuts. (Jinshi)
