Global Markets Drop as Fed Signals Dim December Rate-Cut Odds

Global equity and precious metal markets fell sharply on Nov. 14 after hawkish signals from Federal Reserve officials reduced expectations for a December rate cut, Jin Shi reports. Blue-chip indexes from Tokyo to Paris and London dropped significantly, with U.S. stock futures indicating weak openings following Thursday's selloff. CIBC Markets' Jeremy Stretch said market sentiment had turned volatile, with December rate-cut probability returning to 50-50 amid concerns over an AI bubble. The White House said October U.S. unemployment data may remain unavailable, reinforcing views the Fed could pause pending clearer information.