[Federal Reserve's Hammack: No Need to Raise Interest Rates to Address Inflation Pressure for Now] Federal Reserve's Hammack stated that she currently does not believe it is necessary to raise interest rates to address high inflation pressure but acknowledged that this view might change. She pointed out that although inflation levels are high, raising interest rates is not her current baseline expectation. The Federal Reserve needs to maintain moderately tight monetary policy to reduce inflation amid a weakening labor market. Hammack mentioned that if the labor market performs more robustly, employment data does not indicate an economic slowdown, or inflation remains persistently high, it may prompt her to adjust her stance on interest rate policy.

[Federal Reserve Voting Member Harker Opposes Further Rate Cuts Next Year, Emphasizes Inflation Risks] 2026 Federal Reserve voting member and Cleveland Fed President Harker stated that persistently high inflation levels are unfavorable for the Federal Reserve to implement further rate cuts. She believes that current monetary policy is hardly restrictive and sees no clear justification for additional policy actions. Harker opposed the Fed's rate cut decision last week, pointing out that inflationary pressures remain above target levels and that current policy has limited restrictive effects on economic growth. She also mentioned issues in the labor market, though the unemployment rate remains low.

Founder of Ark Investment, Cathie Wood, has lowered the target price of Bitcoin from $1.5 million to $1.2 million, citing that stablecoins are rapidly replacing Bitcoin as a value storage tool in emerging markets. （Cointelegraph）

[Probability of Fed Rate Cut in December Reaches 70.6%] According to data from the CME 'FedWatch' tool, the probability of the Federal Reserve cutting interest rates by 25 basis points in December this year is 70.6%, while the probability of maintaining the current interest rate level is 29.4%. Additionally, by January 2026, the probability of the Fed cumulatively cutting rates by 25 basis points is 54.2%, the probability of keeping rates unchanged is 17.7%, and the probability of cumulatively cutting rates by 50 basis points is 28.2%. These figures reflect the market's changing expectations regarding the Fed's policy direction.

Rui Dalio, founder of Bridgewater Fund, warned that the implementation of easing policies by the Federal Reserve in the context of economic growth may promote the rise of hard asset prices, but it may also exacerbate the risk of economic recession and form a late economic foam. （Cointelegraph）