💥Dovish Assault! San Francisco Fed President Daly Calls for Rate Cuts in December, Bearish on Job Market!
The Wall Street Journal reports that San Francisco Fed President and key figure within the Federal Reserve, Mary Daly, has publicly stated that she supports a rate cut next month (December)!
【Core Analysis and Logical Turnaround】
Rare Voice Challenging Powell: Daly is a moderate within the Federal Reserve and rarely publicly opposes Powell. Her public statement is the strongest outbreak of dovish sentiment within the Federal Reserve.
Focus Shifts to Employment: Daly believes that the possibility of a sudden deterioration in the job market (non-linear changes) is greater and harder to control than a sharp surge.
Daly's Exact Words: "The labor market is already fragile enough, and risks are undergoing invisible changes."
Inflation Risk Decreases: She believes that due to the sharply increased costs driven by tariffs, the inflation risk has decreased.
🔥Huge Impact on the Market and Federal Reserve Decisions:
Macroeconomic Winds Returning: The signal is the current market's most needed catalyst for "risk appetite to return." It hedges against the geopolitical risks and uncertainties brought by internal disagreements within the Federal Reserve that we analyzed on Monday.
Breakthrough in Decision-Making Stalemate: Daly's strong influence plays a key role in the serious reduction of the current FOMC's internal debate on whether to "pause rate hikes" or "cut rates," significantly increasing the likelihood of a rate cut at the December meeting, which clearly indicates a dovish possibility.
Conclusion: Daly's statement is the first major crack in the hawkish high wall! This is an instantly constructive positive for risk assets ($BTC / $ETH and altcoins), and it may change the narrative of macro headwinds in the market in the short term!
