Fed's expectations for a rate cut in December have increased, Bitcoin briefly broke through $89,000, and the Nasdaq rose 2.69%.

BlockBeats news, on November 25, The Federal Reserve Board of Governors member Waller stated that he personally advocates for a rate cut at the December monetary policy meeting. Inflation has risen, but I believe it will start to decline. January of next year will be challenging, with a large amount of data to be released to determine if another rate cut is necessary. San Francisco Fed President and 2027 FOMC voting member Daly expressed her support for a rate cut next month, as she believes the risk of a sudden deterioration in the labor market is greater and harder to control than the risk of a sudden rise in inflation. According to CME's “Fed Watch,” the probability of the Fed cutting rates by 25 basis points in December has risen to 82.7%, while the probability of keeping rates unchanged is at 17.3%. U.S. stocks closed higher on Monday, with the Dow rising 0.44%, the S&P 500 index up 1.5%, and the Nasdaq up 2.69%. Bitcoin briefly surpassed $89,000, currently reported at $88,337.13, with a rise of over 1.64% in 24 hours.