Fed’s Divisions Set to Deepen When Debate Turns to Further Cuts

The Federal Reserve is expected to deliver a second straight interest-rate cut this week to support a wobbly job market. Any push to extend the easing cycle past October, however, may face renewed opposition from a group of officials who remain anxious over inflation.

While the Fed’s dovish faction is, for now, winning the debate and securing lower rates, their rival camp of policymakers worry the cutting will go too far.

Fresh data on consumer prices released Friday showed underlying inflation in the US rose in September at its slowest pace in three months. While that reaffirms the Fed’s plan ...