The U.S. Federal Reserve faces a growing divide over whether to cut interest rates at its December meeting, leaving markets uncertain and investors on edge.
Governor Christopher Waller has pushed for a 25-basis-point cut, citing a weakening labor market, rising reports of layoffs, and softening private-sector hiring. He argued that inflation, once temporary price pressures are excluded, is moving closer to the Fed's 2% target. Waller's position reflects concerns that the U.S. economy may be losing momentum as it approaches year-end.
