By CHRISTOPHER RUGABER, Associated Press

WASHINGTON (AP) — A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.

At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year,” a sign of strong divisions among policymakers about the central bank’s next steps.

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Rate cuts by the Fed, over time, typically lower borrowing costs for mortgages, car loans, and credit cards.

Fed officials are deeply split over the biggest threat to the economy: weak hiring or stubbornly-elevated inflation. If a sluggish job market is the biggest threat, then

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