ZEC surges over 17% in 24 hours, currently trading at $407.78

Dec. 11 — Per CME’s FedWatch Tool: - The Fed is priced for an 89.4% chance of a 25-basis-point rate cut at its December meeting, with a 10.6% chance of holding rates steady. - By January, markets see a 68.5% chance of a cumulative 25-basis-point Fed rate cut, a 7.8% chance of unchanged rates, and a 23.8% chance of a 50-basis-point cumulative cut.

December 11 — Per HTX market data, Ethereum has broken above $3,400, posting a 1.38% 24-hour gain.

On December 11, Bitcoin has rebounded past $93,000, per HTX market data, with its 24-hour decline narrowing to 1%.

Dec. 11 (FX168) — Kevin Hassett, director of the White House National Economic Council, said the president will decide on the Federal Reserve Chair appointment within one to two weeks. “I am deeply honored to be considered as a candidate for Fed Chair,” a person under consideration for the role stated.

### Policy Statement 1. **Barclays Bank**: The statement is expected to take a hawkish tone, indicating a pause in rate cuts for January next year. 2. **JPMorgan Chase**: The statement may see a wording shift to “focus on the magnitude and timing of further adjustments” — a subtle change hinting at a reduced likelihood of future rate cuts in subsequent meetings. 3. **Wells Fargo**: The statement is expected to signal a higher threshold for additional rate cuts, implying “maintaining current interest rates” is the majority of committee members’ current baseline assumption. ### Voting Divisions 1. **BNY Mellon**: The dot plot is likely to confirm recent internal FOMC divisions over policy stance, with expectations of significant divergence among members on 2026 policy direction. 2. **JPMorgan Chase**: This meeting is expected to see at least two dissenting votes against rate cuts (advocating a hold) and one vote for a larger cut. The dot plot may show one additional rate cu

Dec. 11 — The Fed is expected to cut rates at this week’s meeting, but the easing could carry a hawkish tone. What does that mean? For JPMorgan traders, two key points stand out: 1. The dot plot shows the Fed only projects one rate cut next year; 2. Fed Chair Powell has noted lingering inflation concerns and has not committed to additional rate cuts. (Source: FX678)