Traders have fully priced the Federal Reserve's interest rate hike in October.
AI interpretation: The market's expectations for the Federal Reserve's monetary policy path have fundamentally reversed. Traders have clearly expressed their firm stance on the continuation of tightening policies through pricing actions. This expected adjustment directly blocks any room for short-term interest rate cuts. The high interest rate environment will continue to suppress the performance of risk assets and push up financing costs. The focus of the Federal Reserve's policy has completely shifted towards combating inflationary stickiness.
