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[Federal Reserve Officials Support Rate Cuts, Probability of December Rate Cut Rises Above 70%] New York Fed President Williams explicitly supports a rate cut, stating that there is still room to adjust interest rates in the short term. Market expectations for a Federal Reserve rate cut on December 10 have surged from 40% to over 70%. Wells Fargo's chief economist stated that the deterioration of the labor market is a reasonable basis, with the unemployment rate reaching 4.4% in September, the highest in four years. Deutsche Bank economists said the job market is on the brink of crisis. Vanguard Group economists believe Williams' remarks are a key basis, as Federal Reserve Chair Powell, Williams, and Governor Waller all support accommodative policies. Analysts pointed out that the December meeting could be a window for a rate cut, but some officials still hold opposing views. Due to the government shutdown, the meeting will lack the latest employment and inflation data.