CoinWorld reports that Federal Reserve's Moussallem stated he supported a rate cut in December because he saw the labor market facing slightly higher risks, while the risk of accelerating inflation is easing. Inflation is closer to 3% rather than 2%, but is expected to decline this year; the labor market is cooling in an orderly manner. Today's inflation rate is encouraging, indicating that inflation will further approach 2% this year, and there are few reasons for further policy easing in the short term.