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The Fed's expectations for a rate cut in December have increased, Bitcoin briefly broke through $89,000, and the Nasdaq rose by 2.69%.

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On November 25, Fed Governor Waller stated that he personally advocates for a rate cut at the December FOMC meeting. Inflation has risen, but I believe it will begin to decline. January of next year will be challenging, as a large amount of data will be released to determine if another rate cut is necessary. San Francisco Fed President and 2027 FOMC voting member Daly indicated that she supports a rate cut next month because she believes the possibility of a sudden deterioration in the job market is greater and harder to control than a sudden rise in inflation. According to CME “FedWatch,” the probability of the Fed cutting rates by 25 basis points in December has risen to 82.7%, while the probability of maintaining rates is 17.3%. U.S. stocks closed higher on Monday, with the Dow up 0.44%, the S&P 500 up 1.5%, and the Nasdaq up 2.69%. Bitcoin briefly broke through $89,000, currently reported at $88,337.13, rising over 1.64% in the last 24 hours.

BTC0.49%
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