Fed rate decision looms as market predicts 25bp cut with 87% probability

With just six days to go before the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis point (bps) interest rate cut is growing stronger by the day. The possibility of a 50bps cut remains slim, though it still has a 13% chance, as CME’s Fedwatch tool reported. The market (…)