[Market's Expectation for Fed's December Rate Cut Probability Drops Below 50% for the First Time] Due to concerns expressed by Federal Reserve officials about inflation remaining persistently above target, the market's expectation for the probability of a Fed rate cut in December dropped below 50% for the first time on Thursday.

Ethereum and XRP prices have fallen more than Bitcoin, causing cryptocurrency market bulls to suffer greater losses. （Decrypt）

[Federal Reserve's Schmid Proposes Measures to Ease Liquidity Pressure] Federal Reserve's Schmid stated that the Fed can support a smaller-scale balance sheet and ease liquidity pressure by lowering the reserve interest rate and relaxing the use of the standing repo facility.

[Federal Reserve's Schmid: Reserve Demand Has No Clear Link to Nominal GDP Growth] Federal Reserve's Schmid stated that there is little reason to believe that reserve demand will increase with the steady growth of nominal GDP.

[Federal Reserve's Schmid Tends to Focus on Overall Inflation Rate in Policy Making] Federal Reserve's Schmid stated that he tends to focus on the overall inflation rate when formulating policies.