Around Half of Federal Reserve Officials Expect Another Rate Cut in October: Meeting Minutes

Around half of Federal Reserve officials expect another interest rate cut in October, according to minutes from the September policy meeting, released on Oct. 8.

Results from the Desk survey—a confidential questionnaire conducted ahead of each Federal Open Market Committee (FOMC) meeting—found that “almost all respondents” expected a 25-basis-point interest rate cut by the conclusion of the Sept. 16–17 meeting.