Fed Worried About Congress’ Failure to Extend Unemployment, Minutes Show
U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month.
2 Federal Reserve Officials Highlight Deep Divisions on Interest Rates
Two Federal Reserve officials who dissented from this week’s quarter-point rate cut on Friday highlighted the current deep divisions at the central bank.
A Divided Fed Reduces Rates But May Not Cut Again This Year
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year.
