Fed Rate Cut in Jeopardy: Deadlock Looms

Federal Reserve faces potential deadlock in upcoming rate-setting meeting, as four regional Fed bank presidents and two Fed governors express skepticism towards a rate cut, while three Trump-appointed Fed governors call for cuts. New York Fed President John Williams recent comments boost chances of a rate cut, but a tie could result in no change in policy until the next scheduled meeting.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.