US inflation data cemented big cut for one Fed official, dissent for another.

Federal Reserve officials, Governors Christopher Waller and Michelle Bowman, expressed differing views on the recent half-percentage-point interest rate cut, reflecting a broader debate within the central bank. Waller supported the larger cut, citing weaker-than-expected inflation data and the risk of undershooting the Fed’s 2% inflation target. Bowman, however, dissented, advocating for a smaller quarter-point cut, arguing that inflation, still around 2.5%, suggested the larger reduction was premature and could send the wrong message. This marked the first dissent in 19 years, underscoring the ongoing division within the Fed on how to manage inflation and future rate cuts