#美联储重启降息步伐
The Federal Reserve has recently been actively speaking out: a Fed governor stated that the economy needs significant interest rate cuts, and the probability of a rate cut in December has fallen below 50%. According to CME's "FedWatch" data, the probability of a 25 basis point rate cut in December has risen to 84.7%;
The key issue is the halt of balance sheet reduction and the expansion of the balance sheet: during last month's Fed meeting, the Fed announced it would stop balance sheet reduction on December 1, with the earliest expansion expected in the first quarter of next year. This aspect hasn't changed much, but there is considerable controversy regarding the new Fed chairman;
Trump has always wanted to intervene in the Fed, and now both popular candidates align closely with Trump's policies, hence their attitudes are relatively "dovish." Previously, Trump indicated that a new Fed chairman announcement could come before December 25; thus, next month's Fed meeting holds significant interest;
The market often does not rise just because of positive news, but rather because of early expectations of good news. Therefore, at this stage, several aspects show improvement:
First, the cryptocurrency market, which is sensitive to liquidity;
Second, the US dollar has started to weaken;
Third, overseas markets are beginning to rebound; various signs indicate that the market is betting on improved liquidity;........
It’s hard to buy a bull's turnaround; we might be entering a good phase of asset allocation; $BNB
