Bank of America: The Federal Reserve may have serious internal divisions at its September meeting
2025-09-04 20:30:42
Dovish members Waller, Bowman, Daly, and Milan, who are expected to confirm their nominations to the board of governors, are likely to push for further rate cuts, while hawkish members such as Hamack, Bostic, Musalim, and Schmid emphasize inflation risks. Even if interest rates are cut by 25 basis points at the September meeting, a two-way dissent vote within the committee is still possible.
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