US stocks wobble as Fed split hints fewer rate cuts ahead under new leadership

Markets rethink cuts as Fed insiders disagree

With new Federal Reserve leadership approaching, investors are adjusting expectations for possible rate cuts. A visible split within the Fed, alongside rising energy prices, is clouding the path back to lower borrowing costs. The result: markets are bracing for a longer stretch of higher rates, which could pressure investment plans and complicate the Fed’s inflation-control efforts.