ChainCatcher reports, Galaxy Securities notes that due to economic growth exceeding expectations, CME Watch data shows the probability of a rate cut in January 2026 has narrowed compared to earlier.
After the data release, top Fed chair candidate Hassett stated that the growth foundation still stems from falling prices, rising incomes, and improved sentiment, and explicitly pointed out that if GDP growth remains around 4%, new job additions are expected to return to the range of 100,000 to 150,000 per month, while also frankly noting that the Fed is significantly lagging behind the situation on rate cuts.
Third-quarter economic growth primarily reflects the fading of inventory and trade disruptions, which is insufficient to alter the trend of marginal weakening in employment; with employment becoming the focal point of policy trade-offs and the gradual finalization of the Fed chair candidate, there remains room for about three rate cuts in 2026. (Jin10)
