On December 1st, #美联储恢复降息进程 , Fed Chairman Powell will attend an event at Stanford to commemorate Schultz. But don't expect him to reveal anything— the Fed has now entered a blackout period, and he won't say a word about the economy.

Next Wednesday is the interest rate decision. Currently, traders are generally betting on another 25 basis point cut, with the probability already soaring to around 90%. If this happens, the main event is actually yet to come — the market will be fixated on the Fed's updated dot plot, looking for clues about the 2026 interest rate policy. After all, that is the key signal that truly affects long-term allocations.