The minutes of the Federal Reserve meeting may reveal deep divisions among policymakers.
TL;DR
The Fed's October meeting minutes may show deeper policy divisions, with Powell noting serious disagreements and a pause in rate hikes. Data gaps and conflicting signals complicate decisions.
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According to ChainCatcher, citing Jinshi, institutional analysis suggests that the minutes of the Federal Reserve's October policy meeting may reveal clearer differences of opinion among policymakers. At the meeting, policymakers faced the dilemma of a lack of official data and had to weigh conflicting market signals. Powell acknowledged "serious disagreements" at the press conference and stated that "a growing number of members believe that at least one cycle of observation should be paused." Although government economic data releases are gradually resuming, the schedule for releasing the missing data remains unclear.