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Benzinga

Business

Piero Cingari

The Fed Is Split – And A December Rate Cut Moves Further Away

US Federal Reserve Interest Rates

Federal Reserve

Federal Reserve officials are sharply divided on the future path of interest rates, casting significant doubt on the likelihood of a December rate cut and prompting a notable shift in market expectations.

The minutes from the Federal Open Market Committee (FOMC) meeting on Oct. 28–29, 2025, released Wednesday, showed a clear split among participants after they decided to lower the target range for the federal funds rate to 3.75%-4.00%.

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