Mr. Niu's Financial Tips:
Next Wednesday, the Federal Reserve will announce the consumption and inflation data for October, which will provide guidance on whether to cut interest rates in December.
October inflation is expected to meet expectations, and the possibility of the Federal Reserve continuing to cut rates by 25 basis points remains unchanged.
According to the CME FedWatch Tool, the probability of the Federal Reserve maintaining the current interest rate until December is 44.1%, while the cumulative probability of a 25 basis point cut is 55.9%. The probability of maintaining the current interest rate until January next year is 33.7%, while the cumulative probability of a 25 basis point cut is 53.1%, and the cumulative probability of a 50 basis point cut is 13.2%.