📰【December 10 News Event Key Focus Overview】
On the eve of the December monetary policy meeting, Kevin Hassett, a leading candidate for the next Chairman of the Federal Reserve and the Director of the White House National Economic Council, suddenly released important policy signals. In a recent interview, he stated that the Federal Reserve should continue to lower interest rates.
According to the schedule, the Federal Reserve will hold a monetary policy meeting on Tuesday and Wednesday, and will announce its decision on Wednesday (3 AM Beijing time on Thursday). The market generally believes that due to the recent weak employment market data in the United States, the Federal Reserve is very likely to cut rates again by 25 basis points.
According to CME's "FedWatch", the probability of a 25 basis point cut by the Federal Reserve in December has risen to 89.6%. Meanwhile, several Wall Street institutions, including JPMorgan and Morgan Stanley, have quickly "ripped the reports", believing that the Federal Reserve will further cut rates in this monetary policy meeting, changing the previous prediction of a "pause in rate cuts".
