PANews reported on October 9th that, according to Jinshi Data, the minutes of the Federal Reserve's September meeting revealed a deepening disagreement over the path of interest rate cuts. While most officials believed further easing this year was "likely appropriate," seven dissenters supported further rate cuts; only Governor Stephen Miran advocated for a one-time 50 basis point cut and dissented. The minutes noted that the government shutdown had resulted in a lack of key economic data, forcing officials to rely on private sector data and business feedback. A slim majority predicted at least two more rate cuts this year, with markets anticipating 25 basis point cuts in October and December . Powell emphasized the need to maintain a careful balance between the "two-way risks" of employment and inflation.