Bitcoin Steers Crypto Trends as Fed Signals Possible December Rate Cut and Williams Speech Looms

COINOTAG reports that a CITIC Securities research note indicates New York Fed President Williams signaled a potential Fed rate cut in December, reversing prior market expectations. Current pricing implies about a 70% probability of a December move. The Fed enters a quiet period on November 29, limiting public remarks from chair Powell, with Williams viewed as the close ally whose commentary may shape near-term expectations. This dynamic supports a possible adjustment later this year, subject to incoming data.

Looking ahead, a 25 bps cut in December remains plausible, with the decision hinging on incoming data. The reprieve from rate-cut expectations reduces near-term macro pressure and redirects focus to AI bonds issuance, cryptocurrency trends, and policy developments like the 28-point plan. Investors should monitor liquidity and inflation signals to adjust risk positions accordingly.