盾博：美联储戴利支持美联储12月降息，就业市场的风险不支持等待

Group 1 - The President of the San Francisco Federal Reserve, Mary Daly, supports initiating interest rate cuts in December, citing that the risk of sudden deterioration in the labor market outweighs the risk of inflation rebounding [1] - The current balance in the labor market is fragile, with potential for sudden and irreversible deterioration, suggesting that policymakers should act before clear signs of weakness appear [3] - The impact of tariff-driven cost increases has been less than initially expected, as companies have optimized supply chains and absorbed some costs, reducing inflationary pressures [3] Group 2 - Despite inflation hovering around 3%, which is above the Federal Reserve's 2% target, Daly believes that the negative impact of a collapsing labor market is more significant than the effects of moderate inflation [3] - Some Federal Reserve officials express caution regarding further rate cuts due to concerns about potential price pressure spreading across the economy, particularly in the service sector [3] - If the economy unexpectedly accelerates next year, current easing measures could force the Federal Reserve to resume rate hikes, leading to market disruptions and increased economic volatility [3]