The Fed's expectation for a rate cut in December has weakened, leading to a general fall in stocks, bonds, and currencies.

According to ChainCatcher news and Jin10 reports, analysts indicate that traders' expectations for the Fed to ease policies at the December meeting have weakened, leading to declines in the stock market, government bonds, and the dollar. Remarks from Fed officials have increased the likelihood of maintaining the interest rate unchanged. Musalem stated that there is limited room for further easing of policies, while Cleveland Fed President Harmack emphasized that interest rate policy should remain restrictive. CME FedWatch shows a 50.7% chance of a 25 basis point rate cut in December. The yield on the 10-year U.S. Treasury rose to 4.1211%, and the two-year yield rose to 3.593%.