Is A Fed Cut A Strong Enough Catalyst?

Markets rally on a revived rate-cut narrative, crypto hints of a near-term bottom, and a potential China export unlock for Nvidia.

Fed Cut Odds Surge After Williams’ Flip

Williams, the head of the Federal Reserve Bank of New York, said policy is “modestly restrictive” and there’s “room for a further adjustment in the near term,” which kicked the odds of a December rate cut from under 29% to about 71%.

Markets responded fast… Treasury yields dipped, stocks perked up, and the vibe shifted from “stay cautious” to “maybe go all-in.” This kind of mindset change matters: if rates do come down, that could turbocharge …

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