[Potential Increased Market Volatility Due to Federal Reserve Rate Disagreements] December 2 news: The Federal Reserve may face divided votes on future rate decisions, potentially weakening the effectiveness of policy signals. In this meeting, as many as five out of the 12 voting members expressed opposition or skepticism toward further rate cuts, while three governors supported the cuts. Threadneedle fixed income investment manager Al-Hussain stated that if a 7:5 split scenario occurs, it could lead to turmoil in the rate markets and risk assets. BNY Mellon Investment Management believes that the policy outlook for 2026 may be influenced by political economics, including the distribution of seats on the Federal Reserve Board by the White House and whether Congress adjusts the monetary policy decision-making mechanism.