Fed Minutes Show Officials Leaning to Keep Rates Steady

According to the record of the Federal Open Market Committee’s October 28-29 meeting, many Federal Reserve officials said it would likely be appropriate to keep interest rates steady for the remainder of 2025. The minutes underscored the uncertainty around the likelihood of a cut next month given ongoing divisions on the committee over whether inflation or unemployment represents a greater threat to the US economy. Bloomberg's Michael McKee and Stuart Paul joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down the minutes. (Source: Bloomberg)