The Fed has flipped the table, and high Intrerest Rate has become the new normal!

The market is still dreaming of a rate cut in December, but Powell directly splashed cold water on everyone: "Automatic rate cuts? Not happening!"
This counterattack has left Wall Street bruised and battered:
Expected Avalanche: The probability of a rate cut in December plummeted from 70% to 22%.
Fog Warning: Powell admitted "decision-making in the fog" in his own words, which is like telling the market clearly: get ready for ongoing turbulence!
The protracted battle begins: expecting interest rate cuts and monetary easing? Don't even think about it in the first half of next year! A high interest rate environment of 5%+ will become a new harsh reality!