On the eve of this week's Fed interest rate meeting, there was a blockbuster signal from the market.

Kevin Hassett, director of the White House National Economic Council, who is seen as a favorite for the next Fed chairman, recently said that the Fed should continue to cut interest rates. As soon as these words came out, they immediately attracted market attention.

The timing is critical: the Federal Reserve will hold interest rate meetings on Tuesday and Wednesday, and the decision will be announced at 3 a.m. Beijing time on Thursday. At present, US employment data is weak, and the market is generally betting on another 25 basis points cut.

CME's FedWatch tool shows that the probability of a 25 basis point rate cut in December has soared to 89.6%. What's more interesting is that the wind direction on Wall Street has changed abruptly - JPMorgan Chase, Morgan Stanley and other institutions have quickly changed their mouths, and collectively shifted from the previous "pause interest rate cuts" prediction to the "continue to cut interest rates" camp.

This wave of operations can be regarded as a reassurance to the market?