Wednesday, pulled back the curtain on deliberations over why officials chose to make their first rate reduction since 2020 with a bolder half-point move.The decision to lower the benchmark rate to a range between 4.

A "substantial majority" of U.S. Federal Reserve officials last month supported a half-point rate cut to start the turn towards easier monetary policy, but there appeared more universal agreement that the initial move would not commit the Fed to any particular pace of rate reductions in the future,

The Fed’s decision to cut interest rates in September prompted a debate, according to the minutes of that Federal Reserve board meeting.