The Federal Reserve's probability of a rate cut in December has soared, with a significant rise in $BTC
Wall Street bigwigs collectively 'flip their faces' - too stimulating! Bank of America just tore up the previous report on 'pausing rate cuts' and directly changed its prediction that there will definitely be a 25 basis point cut in December. It also mentioned that there will be further cuts in June and July 2026, ultimately bringing the rate down to 3.00%—3.25%! Now Goldman Sachs and JPMorgan are all on board for the rate cuts, while only a few like Morgan Stanley and Standard Chartered are still holding firm. Who can stop this trend?
Even more explosive is the selection of the Federal Reserve Chairman! On December 2, Eastern Time, Trump directly stated that a new chairman will be announced in early 2026, and subtly pointed to Kevin Hassett, the director of the White House National Economic Council! The 'Federal Reserve's mouthpiece' Nick Timiraos has confirmed that Trump has long favored selecting him. This person is a pure 'dove,' exactly matching Trump's call for rate cuts, loyal and credible in the market. He has previously worked as an economist at the Federal Reserve, and this setup is tailor-made for rate cuts!
The market has gone wild! Overnight, the three major U.S. stock indexes surged collectively, with the Dow Jones up 0.39%, the Nasdaq up 0.59%, and the S&P 500 up 0.25%. Intel surged over 8%, and tech giants like Apple and TSMC are all rising! Cryptocurrencies have gone even crazier, with Bitcoin surging over 6%, heading straight for $91834, and Ethereum rising over 7%. This wave of earnings is absolutely legendary! Meanwhile, the dollar is being frantically sold off, and long-term interest rates are dropping in line with rumors about Hassett. Now we just have to wait for the Federal Reserve's meeting on December 9-10. This wave of rate cuts is definitely something to see through to the end!
