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no_data1Bitget Daily Digest (Dec. 8)｜The median stock price of DAT companies listed in the U.S. and Canada has fallen 43% this year; Trump proposes replacing the current personal income tax system with tariff revenue2Bitcoin price dips below 88K as analysis blames FOMC nerves3Stablecoin : Western Union plans to launch anti-inflation "stable cards"
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- 22:14The probability of the Federal Reserve cutting interest rates by 25 basis points in December reaches 89.4%According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.4%, while the probability of keeping rates unchanged is 10.6%. By January next year, the probability of a cumulative 25 basis point rate cut is 68.5%, the probability of keeping rates unchanged is 7.8%, and the probability of a cumulative 50 basis point rate cut is 23.8%.
- 21:23The US Dollar Index rose by 0.1% on the 8th.Jinse Finance reported that the US Dollar Index rose by 0.1% on the 8th, closing at 99.087 in the late foreign exchange market.
- 21:22U.S. Treasury yields reach multi-month highs as market lowers expectations for Fed rate cuts next yearJinse Finance reported that U.S. Treasury yields have risen to their highest levels in more than two months, following declines in most global government bond markets as investors prepare for three U.S. bond auctions and this week's Federal Reserve interest rate decision. Treasury yields rose overall by 3 to 6 basis points, with mid-term bonds performing the weakest. The Treasury will issue $58 billion in 3-year bonds at 1 p.m. New York time, and will issue $39 billion in 10-year bonds on Tuesday and $22 billion in 30-year bonds on Thursday. The Treasury has adjusted this week's auction schedule to align with the Federal Reserve's two-day policy meeting. Traders believe there is about a 90% probability that the central bank will cut rates by 25 basis points for the third consecutive time. With inflation remaining stubbornly high, market participants will interpret the officials' outlook for 2026 through the "dot plot."
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