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Story summary
- The U.S. Federal Reserve may face divided votes at the December 9-10 meeting, with five of the 12 voting members opposing further rate cuts and three supporting them.
- The division could produce multiple dissents, a rarity since 2019.
- Mohamed El-Erian, leading economist, has called for reforms and urged a shift from reactive to strategic policymaking.
- The probability of a rate cut has surged to 87.2%.
