The Fed's December Rate Cut Expectation Rises, Bitcoin Temporarily Breaks $89,000, Nasdaq Up 2.69%

On November 25th, Federal Reserve Board Governor Waller expressed that he personally favors a rate cut at the December monetary policy meeting. Inflation has gone up, but he believes it will start to decline. January next year will be filled with challenges, with a large amount of data to be released one after another to determine whether another rate cut is necessary. Mary Daly, President of the Federal Reserve Bank of San Francisco and a FOMC voting member in 2027, stated that she supports a rate cut next month because she thinks the likelihood of a sudden deterioration in the labor market is greater than that of a sharp increase in inflation and is also more difficult to control. According to CME's "FedWatch," the probability of a 25-basis-point rate cut by the Federal Reserve in December has increased to 82.7%, while the probability of keeping rates unchanged is 17.3%. U.S. stocks closed on Monday. The Dow rose by 0.44%, the S&P 500 rose by 1.5%, and the Nasdaq rose by 2.69%. Bitcoin briefly exceeded $89,000 and is currently trading at $88,337.13, with a 24-hour increase of more than 1.64%.