Federal Reserve Bank of San Francisco President Mary Daly supports a rate cut in December due to a fragile labor market. Daly believes that the labor market is vulnerable and a rate cut would help support economic growth. This decision comes as the Fed assesses the impact of previous rate cuts on the economy. Daly’s stance adds to the growing expectation of a rate cut at the upcoming December meeting.

Read more at Wall Street Journal: Fed’s Daly Backs December Rate Cut, Citing Vulnerable Labor Market