The expectation of a rate cut by the Federal Reserve in December has weakened, leading to a general decline in stocks, bonds, and currencies

According to Jinshi reports, analysts indicate that traders' expectations for the Federal Reserve to ease policy at the December meeting have weakened, leading to declines in the stock market, government bonds, and the dollar. Comments from Federal Reserve officials have increased the likelihood of maintaining interest rates. Musalem stated that there is limited room for further easing, while Cleveland Fed President Harmack emphasized that interest rate policy should remain restrictive. CME FedWatch shows a 50.7% chance of a 25 basis point rate cut in December. The yield on the U.S. 10-year Treasury rose to 4.1211%, and the two-year yield rose to 3.593%.