The suspense is revealed! The US November CPI has rebounded moderately, and the Federal Reserve is on the verge of three consecutive cuts. Federal funds rate futures show that the probability of the Fed cutting interest rates by 25 basis points for the third time next week has exceeded 90%. The market generally expects that the Federal Open Market Committee (FOMC) will continue to loosen policies to support the labor market. However, next year's path still seems uncertain as President elect Trump takes office.