【Heavyweight】The call for the Federal Reserve to cut interest rates is rising! The probability of action in December soars to 84.7%, U.S. stocks surge, gold prices rise, and the cryptocurrency market experiences volatility.
Federal Reserve Governor Milan recently stated: The U.S. economy needs significant interest rate cuts! He emphasized that "there is no inflation problem," and the current monetary policy has hindered economic development, calling for a prompt reduction of interest rates to a neutral level.
San Francisco Fed President Daly also expressed support for a rate cut in December, worrying that the job market may suddenly deteriorate.
Latest data supports the rationale for a rate cut:
· U.S. core PPI in September increased by 2.6% year-on-year, lower than expected.
· September retail sales increased by only 0.2% month-on-month, below expectations.
Market reaction is intense:
· CME's "FedWatch" shows: The probability of a 25 basis point cut in December has soared to 84.7%.
· U.S. stocks rebound sharply, with the Dow soaring by 1.43%.
· Apple's stock price hits a historic high.
Goldman Sachs, Northern Trust, and other institutions are predicting that the Federal Reserve will take action in December. Although CITIC Securities indicates that uncertainty still exists, market expectations for a rate cut have significantly increased.
Next rate cut probability: 84.3%$BTC $ETH $DOGE #加密市场反弹