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

[Barclays: Expects Fed to Cut Rates by 25 Basis Points in December, Internal Disagreements Exist] Barclays economists stated in a report that the likelihood of the Fed cutting rates by 25 basis points at the December 9-10 meeting is very high, with the market pricing the probability of a rate cut at over 80%. They expect Powell to support this rate cut, but there may be strong internal disagreements, with at least two hawkish dissenting votes from Schmidt and Moussailem. Barclays also noted that the statement and the Chairman's press conference will appear slightly hawkish, suggesting a potential pause in January unless labor market conditions deteriorate beyond expectations. (Jin10)