Analysis: Fed meeting notes will reveal deep internal divisions

Institutional analysts pointed out that the Federal Reserve's October policy meeting notes may reveal more clearly the differences of opinion among policymakers. At that time, policymakers were not only facing the dilemma of the absence of official data, but also had to weigh in conflicting market signals. At the same time, Chairperson Powell faced a special period of leadership transition in the final months of his term. Last month's meeting saw a rare dissenting voice in favor of both loose and tight monetary policy. After the Fed voted 10-2 to cut interest rates by 25 basis points, Powell admitted at a press conference that there were "seriously divided views". With the US government shutdown leading to a hiatus in the release of official data ahead of the October meeting, officials have been left to rely on alternative information for their assessments, which may have intensified their growing caution about further rate cuts. "There is a growing sense among members that at least one cycle of observation should be suspended for now," Mr. Powell told reporters last month. While the release of government economic data is gradually resuming, with the September non-farm payrolls report due on Thursday, the release schedule for the complete missing data remains unclear, and it is uncertain what information will be available before the Federal Reserve's next meeting in December.