💥Dovish raid! San Francisco Fed President Daly calls for a rate cut in December, bearish on the job market!

The Wall Street Journal reported that Mary Daly, the President of the San Francisco Federal Reserve and a weighty figure within the Federal Reserve, publicly stated that she supports a rate cut next month (December)!

[Core Analysis and Logic Turnaround]

Rarely speaking out against Powell: Daly is a moderate within the Federal Reserve and seldom publicly opposes Powell. Her public statement marks the most intense outburst of dovish voices within the Federal Reserve.

Focus shifts to employment: Daly believes that the likelihood of a sudden deterioration in the labor market (non-linear changes) is greater and more difficult to control than a sharp increase.

Daily's original words: "The labor market is now sufficiently fragile, and risks are undergoing intangible changes." Inflation risk has decreased: She believes that due to the surging cost increases driven by tariffs, the inflation risk has diminished.

🔥A huge impact on the market and the Federal Reserve's decisions: the return of macro trends: the signal is the current market's most needed "risk appetite return" catalyst. It hedges against the uncertainties brought by the geopolitical risks and internal divisions of the Federal Reserve that we analyzed on Monday.

Breakthrough in Decision-Making Deadlock: Daily's strong influence plays a key role in the serious reduction in the current FOMC's internal discussion about "pausing interest rate hikes" or "cutting rates," significantly increasing the likelihood of a rate cut in the December meeting, which clearly indicates the possibility of a dovish stance.

Conclusion: Dali's statement is the first huge crack in the hawkish high wall! This is an instant constructive benefit for risk assets ($BTC / $ETH and altcoins), and it may change the narrative of macro headwinds in the market in the short term!
#美联储恢复降息节奏