The Fed is divided over cutting interest rates. Here's why that matters

Top officials at the Federal Reserve have displayed a rare degree of public disagreement over a possible interest rate cut next month. In recent days, sentiment shifted dramatically in favor of an interest rate cut as some influential central bankers voiced openness toward the move, futures markets showed. Still, discord remains. A rate cut could reduce expenses associated with everything from home mortgages to credit cards to car payments, making it cheaper to get a loan or refinance one. The policy would also ease borrowing for businesses and potentially boost hiring, but it risks driving up inflation at a time when many Americans struggle with everyday costs. “We haven’t seen this much uncertainty from the Fed in a long time,” John Sedunov, a finance professor at Villanova University's