BlockBeats News, November 25th, Federal Reserve Board Governor Waller stated that he personally advocates for a rate cut at the December monetary policy meeting. Inflation has risen, but I believe it will start to decline. January next year will be full of challenges, with a large amount of data to be released successively to determine whether another rate cut is needed. Mary Daly, President of the Federal Reserve Bank of San Francisco and FOMC voting member in 2027, stated that she supports a rate cut next month because she believes the likelihood of a sudden deterioration in the labor market is greater than a sharp rise in inflation and is also harder to control.
According to CME’s “FedWatch,” the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 82.7%, while the probability of keeping rates unchanged is 17.3%.
U.S. stocks closed on Monday with the Dow rising by 0.44%, the S&P 500 rising by 1.5%, and the Nasdaq rising by 2.69%. Bitcoin briefly broke through $89,000, currently trading at $88,337.13, with a 24-hour increase of over 1.64%.
