The Fed is facing growing internal divide

The central bank cut rates by 25 basis points and will end QT on December 1 as expected.

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Global Markets Investor
October 31, 2025

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The Federal Reserve cut its target range for the federal funds rate by 25 basis points to 3.75%-4.00% on Wednesday, October 29, marking the 2nd reduction of 2025 after a similar cut in September. This also follows 100 basis points of cuts in 2024.

There were two dissents at this meeting, as Governor Stephen Miran supported a 50 bps cut while President Schmid favored holding rates steady. This brings the total number of dissents this year to 6 and marks the 3rd consecutive FOMC meeting with dissenting views among policymakers, the longest streak since 2019.

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Behind the paywall, you will find a full recap of the meeting, including statement changes and Chair Powell’s remarks and the implications for markets and the economy.

Links to the previous meetings' summaries can be found below.

The Fed is confused and divided

This makes investing harder

globalmarketsinvestor.beehiiv.com/p/the-fed-is-confused-and-divided

The Fed is still waiting despite slowing economy

No rate cut, no clarity on what's next, the Fed is going to be too late as always

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-waiting-despite-slowing-economy

The Fed is still clueless about the future path of rates and economy

There is no consensus among the Fed members regarding the future rates path

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-clueless-about-the-future-path-of-rates-and-economy

The Fed is in no hurry to slash interest rates

The central bank is in "wait and see" mode amid historic economic uncertainty

globalmarketsinvestor.beehiiv.com/p/the-fed-is-in-no-hurry-to-slash-interest-rates

🚨The Fed knows nothing, likewise the majority of market participants and watchers

The Fed kept the rates unchanged for the second consecutive meeting on Wednesday

globalmarketsinvestor.beehiiv.com/p/the-fed-knows-nothing-likewise-the-majority-of-market-participants-and-watchers

!!️The Federal Reserve is not in a hurry to cut rates further - for now

The Fed kept they rates unchanged in the first meeting of 2024

globalmarketsinvestor.beehiiv.com/p/the-federal-reserve-is-not-in-a-hurry

For the first time in history, top global central banks are reducing their balance sheets at the same time

What are the implications for the markets regarding one of the greatest monetary policy experiments?

globalmarketsinvestor.beehiiv.com/p/for-the-first-time-in-history-top

FED’S STATEMENT, SUMMARY

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