Federal Reserve's Year-End Showdown: "Hawkish Rate Cut" Virtually a Done Deal
**December 10: Fed to Release Year’s Final Rate Decision at 3 a.m. Beijing Time**
The U.S. Federal Reserve will announce its final interest rate decision of the year tonight at 3 a.m. Beijing time, facing a tough call amid a data "air pocket" and internal divisions. A widely expected rate cut is likely to be paired with vague guidance on next year’s rate path—leaning toward a hawkish tone.
Beyond this week’s expected cut, investors now project two more 25-basis-point reductions by end-2026, leaving the benchmark rate in the 3.00%-3.25% range. JPMorgan’s Chief U.S. Economist Michael Feroli noted that hawkish signals from regional Fed presidents could keep the 2026 rate outlook aligned with September’s projections—even as expectations for this week’s cut are already muted and the bar for further cuts is high.
Feroli added that the Fed’s new rate forecasts will "reflect unease about rate cuts," while the policy statement may tweak wording to "imply a lower likelihood of rate cuts
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Jamie Dimon: Fed's Next Rate Cut May Be Smaller Than Market Expects
On December 10, Morgan Stanley Investment Management said in its outlook report that the current yield on the 10-year U.S. Treasury bond—approaching 4%—may be too low relative to the U.S. economic outlook. The firm expects increasingly strong tailwinds for U.S. economic growth in 2026.
“Stronger growth paired with stubborn inflation will likely result in the Federal Reserve cutting interest rates less than markets currently price in over the next 12 to 18 months,” the firm noted.
Against this backdrop, Morgan Stanley Investment Management has taken an underweight stance on U.S. bonds.
(Golden Finance)
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Binance Instant Exchange Introduces Take Profit and Stop Loss Features
December 10 — Binance Instant Exchange has officially rolled out Take Profit (TP) and Stop Loss (SL) order capabilities for instant trading, adding more professional risk management tools for users.
Key highlights:
- **Automated Risk Control**: Seamlessly integrates TP/SL with instant exchange orders to auto-manage trades via preset trigger prices—no constant market monitoring required.
- **Flexible Dynamic Adjustments**: Dynamic price validation tied to real-time market data. Post-order placement, users can still adjust TP/SL values flexibly to refine trading strategies.
- **Smooth Order Management**: Directly create, edit, or cancel TP/SL orders via the Binance Instant Exchange interface, with real-time status updates. The system sends email alerts if order prices shift.
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BlackRock Deposits 2,196 Bitcoins to Coinbase, Worth $202.76 Million
Per OnchainLens monitoring, a BlackRock address deposited 2,196 Bitcoin to a Coinbase address over the past 30 minutes, with the tokens valued at $202.76 million.
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The 10-Year Treasury Yield Rises to a Three-Month High, Analysts Say Gain Limited Post-Fed Meeting
**December 10: 10-Year U.S. Treasury Yield Rises to 4.209% (Highest Since Early September)**
Markets are awaiting the Federal Reserve’s interest rate decision and economic projections. While investors widely expect the Fed to cut rates by 25 basis points, there’s concern the central bank may signal limited room for further rate cuts ahead.
Analysts at TD Securities anticipate the Fed will indicate future rate cuts will hinge on economic data—but the U.S. rate market has largely priced in this stance already. As such, analysts note that if yields continue to climb post-announcement, the increase will likely be limited, and yields could edge lower soon after.
(FXStreet)
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