[Analysis Suggests a 50-50 Chance of Fed Rate Cut in December] T. Rowe Price's Chief U.S. Economist Blerina Uruci stated that there is a clear divide within the Federal Reserve on whether to cut rates, coupled with inflation concerns, making the probability of a December rate cut roughly 50-50. Uruci pointed out that AI-related capital expenditures have significantly boosted U.S. economic growth projections for 2025, and the Fed's rate cuts in 2026 will further promote economic development. However, inflation remains the primary risk, with U.S. government debt exceeding 120% of GDP, along with tariff-related inflation policies, making it difficult for the Fed to achieve its 2% inflation target. Uruci believes that unless economic growth unexpectedly slows, the Fed is unlikely to cut rates next year, with rate cuts expected only in the first half of 2026.