Fed Watch: Fed's Discord Grows on December Rate Cut

BlockBeats News, November 12th. Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," said that internal divisions at the Fed have cast a shadow over the rate-cutting path. During Fed Chair Powell's nearly eight-year term, this level of dissent is almost unprecedented. Officials are divided on whether ongoing inflation or a sluggish labor market poses a greater threat, and even the release of official economic data may not bridge the gap. Despite investors still seeing a high likelihood of a rate cut at the next meeting, this division has complicated what seemed feasible less than two months ago.