The major economic data released last week provided new details, but there were no significant surprises, and the economic trend remains unclear as we enter the final month of the year. Stephen Stanley, the Chief USA Economist at Santander US Capital Markets, stated that last week's data "may not significantly change the situation." "In my view, the minutes from the November meeting of the USA Federal Open Market Committee indicate that the Federal Reserve will cut interest rates again in December, unless the data exceeds expectations." Most traders believe that there will be at least one more rate cut before the Federal Reserve hits the brakes, either in the December meeting or in the January meeting. The market in federal fund interest rates shows that traders believe there is only a 30% chance that rates will remain unchanged by January next year.