The Fed is about to enter a quiet period, and institutions maintain their expectations for a rate cut in December.

BlockBeats news, on November 24, CITIC Securities research report stated that New York Fed President Williams hinted at further rate cuts in December, reversing market expectations for rate cuts, and the market currently believes there is a 70% chance that the Fed will cut rates in December. The Fed will enter its quiet period starting November 29, and before the quiet period, Powell has no public speeches or media interview schedules. Williams, his “close ally,” may be the last Fed official whose remarks influence market expectations. Continuing previous views, December is expected to be a “close call” rate cut, with a magnitude of 25bps. For the market, the reversal of rate cut expectations, combined with the advancement of the “28 point” plan and news that the Trump administration is considering exporting H200 chips to China, means that macro factors will no longer be a source of pressure for the market in the short term. The market may focus more on issues such as AI companies issuing bonds and the trends in Crypto Assets. (Jin10)