No Clear Fed Strategy Going into '26: Ed Al-Hussainy

Core Viewpoint - New York Fed President John Williams indicates potential for interest rate cuts in the near term due to a softening labor market, which has led to increased investor expectations for a rate cut in December [1] Group 1: Interest Rate Expectations - Following Williams' comments, investors raised the likelihood of a rate cut at the Fed's December 9-10 policy meeting to approximately 60-70%, up from around 35% previously [1]