Wells Fargo: The Federal Reserve should cut interest rates by 25 basis points in December, citing easing inflation and a weakening labor market.

market news: Wells Fargo analyst Sarah House stated that the Federal Reserve should cut interest rates by 25 basis points in December, citing easing inflation and a weakening labor market. She pointed out that hawks may oppose the rate cut because inflation is above target and job growth is robust, but the Fed still sticks to its view while acknowledging that this is a "50-50" decision.