📈 The expectation of interest rate cuts continues to heat up and is fully priced in! Global capital markets are taking the lead in excitement, preemptively demonstrating a loosening trend.

Recently, U.S. core inflation data has steadily fallen back into the key target range, non-farm employment gains have fallen short of expectations, and wage growth has slowed simultaneously—these two critical data points clearly confirm the economic cooling trend, directly boosting expectations of a policy shift by the Federal Reserve. Official dovish statements have increased significantly, and the market’s pricing for the timing and magnitude of rate cuts next year continues to move forward. Against this backdrop, global markets have already begun to price in rate cuts: the three major U.S. stock indices are fluctuating and rising, with high-valuation tech stocks leading the rally due to their sensitivity to liquidity, driving the overall market higher; gold, as a core asset for inflation hedging and policy easing, remains firmly in the historical high range; the U.S. dollar index has weakened under continued pressure from rate cut expectations, and global funds are accelerating their migration from safe-haven assets like cash in dollars to risk assets such as stocks and commodities.
As the probability of the Federal Reserve starting a rate cut cycle continues to increase, the wave of global liquidity easing is approaching, and various asset valuation systems are entering a new round of reassessment, with this process already in the acceleration stage. #美股圣诞行情开启