TechFlow, November 12 — According to Jinshi Data, "Fed Whisperer" Nick Timiraos reported that divisions within the Federal Reserve are casting a shadow over the path toward rate cuts. Such a degree of disagreement has had little precedent during Chair Powell's nearly eight-year tenure. Officials are divided on whether persistent inflation or a weak labor market poses a greater threat, and even a rebound in official economic data might not bridge this gap. Although investors still see a high likelihood of a rate cut at the next meeting, this internal split complicates a plan that seemed feasible less than two months ago. It remains uncertain whether officials will deliver another cut at the December meeting. New data may help settle the debate. Some officials believe the December and January meetings are largely interchangeable, making the timing of a year-end cut appear somewhat artificial. Another possibility is cutting rates in December while signaling higher thresholds for future reductions.
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