Expectations for a Fed rate cut in December weaken, leading to widespread declines in stocks, bonds, and currencies
ChainCatcher News, according to Golden Ten Data, analysts stated that traders' expectations for the Federal Reserve to ease policy at the December meeting have weakened, leading to declines in the stock market, Treasury bonds, and the US dollar. Comments from Federal Reserve officials have increased the likelihood of maintaining current interest rates. Musalem indicated that there is limited room for further policy easing, while Cleveland Fed President Harker emphasized that interest rate policy should remain restrictive. CME FedWatch shows a 50.7% probability of a 25 basis point rate cut in December. The yield on the US 10-year Treasury rose to 4.1211%, while the 2-year yield climbed to 3.593%.
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Data: A total of 7,151,299.16 TON were transferred into TON, worth approximately $13.94 million.
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