Hawkish comments from the Federal Reserve dampen rate cut expectations, causing a major blow to global markets

According to ChainCatcher, citing Jinse Finance, hawkish signals from Federal Reserve officials have dashed market hopes for a US interest rate cut in December, leading to a heavy blow to global stock and precious metals markets on Friday. Blue-chip stock markets in Tokyo, Paris, and London all experienced significant declines, and US stock index futures indicate a gloomy opening for Wall Street. Jeremy Stretch, Head of FX Strategy at CIBC Markets, stated that market expectations for a December rate cut have returned to a 50-50 probability, and market sentiment has become increasingly volatile. Meanwhile, the White House said that US unemployment data for October may never be available, further fueling speculation that the Federal Reserve may pause its actions.