Barclays: Expects the Federal Reserve to cut rates by 25 basis points in December, with internal disagreements

According to ChainCatcher, citing Jinse Finance, Barclays economists stated in a report that there is a very high probability that the Federal Reserve will cut interest rates by 25 basis points at the December 9-10 meeting, with market pricing indicating a probability of over 80% for a rate cut. They expect Powell to support this rate cut, but there may be strong internal disagreements, with at least two hawkish dissenting votes from Schmid and Musalem. Barclays also pointed out that the statement and the chairman's press conference will be slightly hawkish, suggesting a possible pause in January unless labor market conditions deteriorate more than expected.