Market expectations for a Dec FED rate cut just collapsed to 44.4%

A lower probability of cuts means market is pricing in:

► Stickier inflation

► Longer higher-for-longer rates

► Stronger USD liquidity pressure

► Increased volatility across risk assets

Rate-cut expectations fall sharply, markets often whipsaw before repositioning into high-beta assets once clarity returns

This compression in expectations might be the final shakeout before the macro tide flips