$BTC
Over the last week, the FRS balance has decreased by $14.3 billion — a signal that the regulator continues to control liquidity. However, in the statements of FRS members, there is increasing softness and hints at a possible rate cut as early as December.
Main theses:
.
Waller (Fed) added that stablecoins create competition in the payment market, but do not pose a threat to monetary stability.
Goolsbee (Fed) stated that the Fed remains focused on fighting inflation but is ready to act flexibly if the economy begins to cool.
Daily (Fed) openly supports the idea of a rate cut in December, believing that the labor market is currently stable.
Hammack (Fed) remains cautious: inflation is still above target and may return to 2% only in 2–3 years.
Market expectations:
Analysts are factoring in the first rate cut already on December 10 — by 25 bps to 3.5–3.75%, and two more possible cuts by mid-2026.
FOMCWatch
