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John Williams from the New York Fed is making waves with his latest stance on interest rates. He's openly backing another cut in the near term, pointing to a shift in the risk landscape—employment concerns are climbing while inflation pressures appear to be cooling off.
But here's where it gets interesting: the Fed's internal camp is split down the middle on whether December should bring another rate reduction. The decision ultimately rests with Jerome Powell, and all eyes are on how he'll read the economic tea leaves. Will he side with the doves pushing for stimulus, or will caution prevail? The next FOMC meeting just got a whole lot more unpredictable.