The market reassesses the Federal Reserve's likelihood of a rate cut in December, with differing opinions from various institutions

ChainCatcher news, according to Jinshi reports, the market is reassessing the likelihood of a Federal Reserve rate cut in December. Nomura Securities expects the Federal Reserve to keep rates unchanged in December and predicts three rate cuts in 2026, each by 25 basis points. Federal Reserve Chair candidate Reed stated that Powell is more hawkish than expected, increasing the likelihood of a rate cut in December. Morgan Stanley's Jim Caron believes that a slowdown in the labor market may provide justification for a rate cut in December. State Street Global Advisors still expects the Federal Reserve to cut rates in December, while Bespoke Investment Group believes the meeting will be hawkish. John Velis from BNY Mellon pointed out that the lack of data will make predicting the Federal Reserve's movements difficult.