Fedwatch tool shows 50-50 chance to cut 25 bps or 50 bps ahead of FOMC

The market is holding out hope for a further rate cut as the Federal Open Market Committee (FOMC) prepares to meet on Wednesday. Predictions from Polymarket and CME’s Fedwatch tool suggest there is a growing expectation that a 50 basis point cut could be in play. FOMC meeting could see more rate cut as expectations shift (…)