[Federal Reserve's Daly Supports December Rate Cut, Probability of December Rate Cut Rises to 81%] According to a report by Wall Street Journal cited by Jintou, Mary Daly, President of the Federal Reserve Bank of San Francisco and a 2027 FOMC voting member, stated that she supports a rate cut next month. She believes the likelihood of a sudden deterioration in the labor market is greater and harder to control than a sudden spike in inflation. In an interview on Monday, she said: 'In the labor market, I am not confident that we can stay ahead. The labor market is now fragile enough that the risk lies in nonlinear changes.' She noted that, by comparison, the risk of an inflation surge is lower because the cost increases driven by tariffs are much milder than anticipated earlier this year. Daly's perspective is noteworthy, as although she does not have voting rights on monetary policy this year, she rarely publicly disagrees with Federal Reserve Chair Jerome Powell. During the December 9-10 meeting, Daly may play a key role in resolving the internal debate within the rate-setting committee on whether to cut rates or pause hikes. Following Daly's remarks, the CME 'FedWatch' tool showed an 81% probability of a 25-basis-point rate cut by the Federal Reserve in December (up from 69.4% yesterday), and a 19% probability of maintaining rates unchanged. The probability of a cumulative 25-basis-point rate cut by January next year is 65.2%, maintaining rates unchanged is 14.1%, and a cumulative 50-basis-point rate cut is 20.6%.