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Central Bank Focus

FOMC Minutes: More Details On The Hawks-Doves Divide

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The October FOMC minutes underscored deep divisions over the Fed’s next move, reinforcing expectations for a December hold but keeping the easing bias intact. The 10–2 vote for a 25 bps cut included dissents on both sides (Governor Miran for a 50 bps move and…

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