By Kevin Flanagan
Once again, as widely expected, the Federal Reserve (Fed) voted to cut rates at its October FOMC meeting. This marks the Fed's third consecutive quarter-point reduction and places the new Federal Funds target in the 1.50% to 1.75% range. The question that now comes to mind is whether the third time's a charm.
Heading into this latest convocation, there was little doubt the Fed had become divided over future policy decisions. This fractured state was on display at the September FOMC meeting - the minutes for that gathering highlighted how some members