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Don't remind me again today

The Fed has just taken a series of measures: a 25 basis point rate cut + officially ending the balance sheet reduction in December!



📉However, market expectations are rapidly cooling:
• CME data shows: The probability of a rate cut in December has suddenly dropped to 71% (previously as high as 90%)
• Powell personally poured cold water: acknowledged that the inflation rate is close to the target, but denied that a rate cut in December is already decided.

What does this "mid-course adjustment" mean?
✅The most critical phase of liquidity has ended.
❗But the path of interest rate cuts remains fraught with uncertainty.
📊 The global assets will enter a new stage of "expected game".
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