Fed Rate Decision Preview: Inflation Worries and Policy Divergence in Focus

The rising frequency of dissents signals that consensus inside the Fed is fraying, which matters less for this decision than for how the next ones get framed. The real read is the balance between officials still worried about inflation and those prioritizing labor-market stabilization — that split, not the headline rate, shapes the policy path. Whether dissents stay isolated or harden into a bloc is the open question.