Bank of America: The Federal Reserve's September meeting may expose serious internal divisions.

The Bank of America predicts that there will be serious internal divisions within the Federal Reserve on interest rate decisions in September. Dovish members Waller, Bowman, Daly, and possibly nominee Milan are likely to push for further rate cuts, while hawkish members like Harker, Bostic, Mester, and Schmiede emphasize inflation risks. Even if a 25 basis point rate cut occurs at the September meeting, there may still be dissenting votes within the committee.