The Federal Reserve may face divergences in future meetings, increasing the risk of market volatility

According to Jin Ten's report, the Federal Reserve may face a series of dissenting votes on interest rate issues in the future, which could weaken the effectiveness of its policy signals. Among the committee composed of 12 voting members, as many as five have expressed opposition or skepticism towards further rate cuts, while three members are in favor of lowering rates. Al-Hussein, a fixed income investment manager at Threadneedle, stated that a split of 7:5 would lead to chaos in the interest rate market. BNY Mellon Investment Management believes that the policy outlook for 2026 will be influenced by political economics.