Institutional analysts: The Fed's Beige Book may once again become a determining factor.

PANews, November 20 - According to Jin10, institutional analysts evaluate the U.S. September non-farm payroll: it is very difficult to assess the Fed's likelihood of a rate cut in December. Market pricing is again close to a 50% probability, and the Beige Book may once again become a decisive factor, as no new CPI or employment reports will be available before the December meeting. For long-term interest rates, if the Fed guides the market to focus on a rate cut in January during the meeting, then a rate cut in December becomes irrelevant. Therefore, in my view, all concerns about whether there will be a rate cut in December only matter to short-term rate traders.