Post #2882

There is still 66.8% chances of Rate cuts in December. Last FOMC market was waiting to hear whether rate cuts are coming in December? but Powell’s speech signaled a lower chance of a December cut, triggering a short-term market correction. Still, there’s a 66.8% probability that the 3rd rate cut could be announced in December. If inflation stays under control and unemployment rises, the chances will increase even more. Two key factors for a rate cut: 1️⃣ Inflation must remain low 2️⃣ Unemployment should rise Next key data to watch: 📅 US Job Data – 7 Nov 📅 US CPI Data – 13 Nov If job data comes in weak and CPI shows lower inflation, the December rate cut probability could jump from 66.8% to more than 90% That means if the probability of a December rate cut increases, we might see the market getting priced in as early as November.