There are two weeks until the next FOMC meeting.

In the past few weeks, the likelihood of another 25 basis point rate cut was basically fifty-fifty.

But now the probability of a rate cut has exceeded 80%.

This is because several Federal Reserve officials made dovish comments last week, changing market expectations.

We also expect to hear Trump announce a new Federal Reserve Chair nominee before Christmas.

The currently most popular candidate is Hassett, who is a big dove and also a supporter of the cryptocurrency field.