Fed members at odds on Dec. interest rate cut
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Global brokerages are split over whether the U.S. Federal Reserve will cut interest rates in December or hold them, following conflicting signals on job growth and unemployment earlier in the week.
Steady payroll growth combined with rising unemployment offers a rare and confusing combination that, as it happens, investors could not take in stride. Strong hiring makes the Fed less eager to ease, but softer employment data could potentially tighten financial conditions all on its own.