Tianfeng Securities: The market's expectation for the Federal Reserve to cut interest rates in December is close to 100%, while also increasing bets on a rate cut in January next year

According to Jinshi, Tianfeng Securities released a research report stating that the market has strong expectations for interest rate cuts. At the beginning of the week, after the US non-farm employment data for November was announced, market expectations for a 25 basis point cut by the Federal Reserve in December rose to 86%, and expectations for interest rate cuts within the year further increased.

Subsequently, US CPI data for November met market expectations. Market expectations for a Fed rate cut in December are close to 100%, and at the same time, bets on a Fed rate cut next January have also increased.