'Most Divided' Fed In 37 Years Cuts Rates; Restarts Balance Sheet Growth Tl;dr: The FOMC cut rates by 25bps to 3.50-3.75% as expected, with a 9-3 vote split; Miran sought a 50bps cut, while Goolsbee and Schmid preferred no change. It reiterated data dependence, signalling further adjustments will h......