GM, the Federal Reserve unexpectedly cut interest rates by 25 basis points, bringing the benchmark rate down to the range of 3.75%-4.00%, and announced that it will end the balance sheet reduction on December 1. However, old Powell clearly stated that "a rate cut in December is far from a foregone conclusion," causing the probability of a December rate cut to plummet from 95% to around 65%, leading to a sharp drop in gold and $BTC. But don't worry, old Trump will take action!