The Fed’s decision to opt for a bigger rate cut wasn’t without its controversy, according to minutes from its September meeting. While the move to lower rates by half a percentage point was approved by a majority of the 12 voting members,

Looking ahead, the Fed expects to make further rate cuts— possibly another 0.50% in 2024 and 1.0% more in 2025. Additionally, the Federal Reserve now expects the unemployment rate to rise to 4.4% in 2024, and inflation to come down to 2.3%.

This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron's.Is the Fed Too Dovish?Morning Briefing Yardeni ResearchOct. 10: The monetary-policy hawks may be coming home to roost at the Federal Reserve’s Nov.