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Curse and Coffee friends,

Today, we explore the possibility of a Fed rate cut in December.

Hit reply and let us know what you think (we read all of your kind words).

Coffee at the ready…

The Big Sip

The take: The Fed will make its December rate decision without October's inflation data. Markets rallied anyway.

What happened: US stocks rose for a third straight day on Tuesday after one Fed official hinted at a rate cut.

Why it matters: Rate cut odds jumped from 30% to 83% in five days. No new jobs report. No inflation data. Just one speech.

What to watch: December 9-10. The Fed decides rates. The October CPI report is still missing. Nobody knows what inflation did last month.

Last week, the S&P fell 2% on "bubble fears." This week it's up 2.5% on "rate cut hopes."

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Here’s Your Brew

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