Fed Divided on Need for Further Rate Hikes as Jobs Remain Strong and Yields Rise
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The Federal Reserve is divided on whether more interest rate hikes are needed to tame inflation or if rates can be held steady.
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Strong job growth in September contradicts the Fed's goal of cooling the labor market to reduce inflation.
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Higher Treasury yields from bond sell-offs may cool the economy enough for the Fed to pause rate hikes.
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Markets see a high chance the Fed holds rates steady at its next meeting, but more hikes are still possible.
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Key upcoming economic data like CPI could influence if the Fed raises rates again or pauses.
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