Fed Cuts Interest Rate Amid Internal Divisions

Here’s what you might have missed in finance today. The U.S. Federal Reserve

just cut its key interest rate by a quarter-point, the third cut this year,

but officials are divided and signaling they may pause further cuts even as they project only one

more next year. Markets had priced in the cut, but the real story is the division

inside the Fed over inflation, jobs, and whether more easing is needed,

with some policymakers opposing cuts and others advocating more support. That split could

make future rate moves unpredictable, affecting everything from mortgage costs to stock market

risk appetites.