Fed officials are increasingly split on rate cuts, though UBS’s Paul Donovan says their indecision currently amounts to little more than “masterful inactivity.”
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Fed officials are expected to hold interest rates steady at their two-day policy meeting next week.
ANALYSIS: President Trump has said he may move up the announcement of Powell's replacement, with analysts looking for public…
The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
Some Fed officials have forecast interest rate cuts later this year.
The Fed cited the economy’s resilience as part of its motivation for maintaining rates.
While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.
