00:00It's Benzinga, bringing Wall Street to Main Street.
00:03The Federal Reserve is poised to approve a third straight interest rate cut on Wednesday,
00:07but divisions inside the central bank make additional reductions unlikely, according to
00:11Bloomberg. Officials disagree on whether policy is already neutral after a 1.5-point decline over
00:1715 months, a disagreement that could lead to a split decision with multiple dissents.
00:23Powell faces a tougher path to consensus because the government shutdown delayed key labor
00:27and inflation data until mid-December. The upcoming economic projections are expected
00:32to highlight ongoing divisions, with officials split between stopping rate cuts at this week's
00:37level or supporting at least two more in 2026. Investors are watching for Trump's upcoming
00:43choice to replace Powell, with Kevin Hassett viewed as the leading contender.
00:48For all things money, visit Benzinga.com.
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