Fed officials are fracturing over a December rate cut after inflation-focused hawks pushed for a pause after last month's rate reduction. Officials are divided on three questions that come down to judgment calls: Will tariff-driven cost increases truly be a one-off? Does weak hiring reflect a demand slump or reduced supply? Are rates still restrictive? The answers can lead to very different views of which poses the greater threat—persistent inflation or a sluggish labor market—and how to calibrate risk tolerance. https://www.wsj.com/economy/central-banking/the-fed-is-increasingly-torn-over-a-december-rate-cut-48a26aad?st=8K2MQr&reflink=desktopwebshare_permalink(Nick Timiraos)