#BinanceBlockchainWeek The Fed's move this time is significant—officially halting quantitative tightening, and the probability of a rate cut in December has now soared to 91%. Do you remember Powell's remarks at the end of October? At that time, he said a rate cut in December was "not certain", and the market panicked, with the probability only at 35%.

It now seems that the turning point should be the employment data from September. The numbers are indeed not looking good: there were only 119,000 new jobs, which is far worse than the first half of the year; the unemployment rate climbed to 4.4%, a new high in nearly four years.

My understanding is that the Fed's priorities have changed. Previously, they were fixated on inflation, but now they are starting to worry about employment issues. Once inflationary pressures really ease, the pace of interest rate cuts may be faster than expected. For the market in 2026, this is perhaps the most anticipated signal.

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