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Fed Minutes Show Markets’ Rate-cut Hopes May Be Overdone

The Federal Reserve has released the minutes from the September meeting, showing that some policymakers said investors appear to be pricing in more interest rate cuts than the central bank expects to provide. So reports CNBC.

The minutes indicated sharp disagreements among policymakers during the September 17-18 meeting, at which the Federal Open Market Committee hiked its benchmark rate for a second time this year, from 1.75% to 2%.

Markets are wagering on another rate cut in October and continued monetary easing into 2020, so that, the Fed minutes said, “it might become necessary for the Committee to seek a better alignment of market expectations regarding the policy rate path with policymakers’ own expectations for that path.”

Read the full article from CNBC.

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