Wells Fargo: The probability of a 25 basis point rate cut by the Federal Reserve in December is "50/50".

Wells Fargo analyst Sarah House said the Federal Reserve should cut interest rates by 25 basis points in December, citing easing inflation and a weakening labor market. She noted that hawks might oppose the cut because inflation is above target and job growth is robust, but the Fed is sticking to its position, acknowledging it's a 50/50 decision. (Jinshi)