(CNBC): Federal Reserve officials are divided on whether to pause further interest rate cuts for now, with conflicting views on inflation and labor market support.

Transformation: Federal Reserve officials, meeting in January, are split on the decision to pause further interest rate cuts, with some members advocating for a hold to assess inflation and labor market conditions. The meeting minutes reveal a debate on the direction of monetary policy, with conflicting opinions on whether to prioritize fighting inflation or supporting the labor market. The meeting also discussed the potential for rate hikes, indicating a lack of consensus among participants. To read more about the Federal Reserve’s internal divisions, visit CNBC.

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