Fed official urges December rate cut amid labour-market concerns

Federal Reserve board member Christopher Waller has called for a policy-rate cut in December, pointing to a softening U.S. labour market and renewed inflation risks. Although the central bank cut rates recently, divergences remain among policymakers about future moves. Waller’s stance has triggered fresh debate among markets about how aggressively monetary policy will pivot, as investors weigh the trade-off between supporting growth and containing inflation in the coming weeks.