The market's expectations for interest rate cuts in 2025 have undergone a dramatic reversal in just a few months: from the previous expectation of consecutive rate cuts starting at the beginning of 2025, reducing the interest rate to around 3% by mid-2025, to now anticipating a 25 basis point cut in December, followed by a halt in rate cuts in January, after which we will have to wait and see... Why has the market experienced such a significant reversal in expectations? Why is this reversal in expectations considered one of the biggest uncertainties the market will face in 2025?