Analysts: The Fed's Beige Book may again be a determining factor.

On November 20, institutional analysts evaluated the U.S. September non-farm payroll: assessing the probability of the Fed cutting rates in December is very difficult. Market pricing is once again close to a 50% chance, and the Beige Book may once again become a determining factor, as no new CPI or employment reports will be available before the December meeting. For long-term interest rates, if the Fed guides the market to focus on a rate cut in January during the meeting, then the December rate cut becomes irrelevant. Therefore, in my view, all concerns surrounding whether there will be a rate cut in December only matter to short-term interest rate traders. ( Jin10 )