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July’s fed minutes show FOMC divided over rate cut

It looks like the Fed is pretty divided over what to do next on interest rates. The minutes from their July pow-wow show Jerome Powell and the rest of the open market committee saw a 25 basis point cut as a recalibration of policy. They were reluctant to label it as the start of an easing cycle. Yahoo Finance’s Brian Sozzi discusses with Raymond James Chief Economist, Scott Brown.