Federal Reserve officials debated how aggressive to be with rate cuts during their September meeting, ultimately deciding on a 50 basis point reduction. The decision aimed to balance progress on inflation with concerns over a stronger-than-expected labor market. Some policymakers preferred a smaller 25 basis point cut, reflecting more caution on easing monetary policy. Since the meeting, labor market data has shown strength, with nonfarm payrolls increasing by in September, much higher than expected. Treasury yields have surged in response to the Fed’s actions, with the 10-year and 2-year yields climbing since the September meeting.
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00:00It's Benzinga, and here's what's on the block.
00:02Federal Reserve officials debated how aggressive to be with rate cuts during their September
00:06meeting, ultimately deciding on a 50 basis point reduction.
00:10The decision aimed to balance progress on inflation with concerns over a stronger-than-expected
00:15labor market.
00:16Some policy makers preferred a smaller 25 basis point cut, reflecting more caution on
00:21easing monetary policy.
00:23Since the meeting, labor market data has shown strength, with nonfarm payrolls increasing
00:27in September much higher than expected.
00:30Treasury yields have surged in response to the Fed's actions, with the 10-year and 2-year
00:34yields climbing since the September meeting.
00:36For all things money, visit Benzinga.com.