Fed spokesperson: The divisions within the Fed regarding the interest rate cut in December are becoming increasingly significant.

On November 12, Nick Timiraos, a Wall Street Journal reporter known as the “Fed's mouthpiece,” stated that the internal divisions within the Fed cast a shadow over the path to interest rate cuts. This level of disagreement has been nearly unprecedented during Fed Chairman Powell's nearly eight-year tenure. Officials have disagreed on which poses a greater threat: persistent Inflation or a sluggish labor market, and even restoring official economic data may not bridge the divide. Although investors believe there is still a strong possibility of the Fed cutting rates at the next meeting, this division complicates a plan that seemed feasible less than two months ago.