Fed mouthpiece: Divergence deepens over whether to cut rates; December vote will be very close.

Odaily Odaily reports that Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," commented on the October Fed meeting minutes: "At the Fed officials' October meeting, the division deepened regarding whether to cut interest rates next month, leading to growing unease among policymakers (potentially forming a narrow majority) about a December rate cut. Several participants assessed that a further rate cut in December might be appropriate if economic developments met their expectations for the upcoming interim meeting. Many participants indicated that, based on their economic outlook, maintaining the target range unchanged for the remainder of the year might be appropriate. 'Many' implies a larger number than 'several.' The December vote looks set to be very close." (Golden Ten)