December interest rate cut in doubt as Fed minutes show policymakers divided

The minutes of the Federal Reserve's policy meeting last month show that the path for interest rate cuts in December and early next year is far from certain.Policymakers on the Federal Open Market Committee (FOMC) were divided at their late October meeting over whether there should be an additional rate cut at their next meeting in mid-December amid concerns about a softening labor market and rising inflation.The Fed cut rates for the first time this year in September, and followed that up with a second 25-basis-point cut in October, which left the benchmark federal funds rate at a range of 3.