economy
February 18, 2026
Fed officials split on where interest rates should go, minutes say
The Federal Reserve on Wednesday released minutes from its Jan. 27-28 meeting.

TL;DR
- Federal Reserve officials are split on whether to pause or continue cutting interest rates.
- Debate exists between focusing on fighting inflation and supporting the labor market.
- Some officials suggested rate hikes could be considered if inflation remains elevated.
- The Fed had previously cut rates in September, October, and December.
- Inflation is expected to decrease, but the pace and timing are uncertain.
- Recent labor data shows mixed signals, with some slowing in private sector job creation.
- Futures traders anticipate the next rate cut in June.
- The minutes do not identify individual participants, using general terms to describe positions.
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