🚨 Does the Fed dare to make a third cut in December...

Despite the division of its members and the slowdown in the labor market?

📍 The file has become more sensitive:
Inflation is not retreating at the required pace, and the labor market is losing momentum quickly...
And the markets reprice with every jobs report or statement from committee members.

📍 The division within the Federal Reserve is no longer a detail:
But it has become part of the politics itself, a wing that fears a functional stagnation...
And another fears a new wave of inflation.

📍 The dilemma is clear:
Any excessive step upward or downward will immediately reflect on the dollar, liquidity, and global risk flows.

And this is what makes the December decision bigger than just a "potential cut"...
It is a test of the limits of monetary policy itself.