Sarah House: The Federal Reserve should cut interest rates by 25 basis points in December

According to Jin Ten, Wells Fargo analyst Sarah House stated that the Federal Reserve should cut interest rates by 25 basis points in December, citing easing inflation and a weakening labor market. She pointed out that hawks may oppose the rate cut due to inflation being above target and robust job growth, but the Federal Reserve still maintains its stance while acknowledging that this is a "fifty-fifty" decision.