Expectations for an additional rate cut of 0.25% in the December meeting have risen sharply from 39% to 73.1%.

This is the result following a series of dovish statements from Fed officials tonight:

- Fed Governor Miran: If my vote were the deciding vote, I would vote in favor of a 0.25% rate cut.

- New York Fed President, Mr. Williams: Given that current policy is slightly leaning towards tightening, the Fed still has the ability to cut rates in the short term. The process of reducing inflation is slowing, but is expected to reach the 2% target by 2027.

- Fed Vice Chair Jefferson: The rise of AI-related stocks comes from actual profits, distinctly different from the previous internet bubble period.

- Boston Fed President, Ms. Collins: Over time, further rate cuts are expected. The existence of a variety of views within the Fed is a healthy sign. #fed $BTC