With less than 13 hours until the FOMC decision, the probability of a 25 basis point rate cut is as high as 99.9%, and the probability of another 25 basis point cut in December is approaching 95%. The market seems to have already priced in this. The real suspense lies in whether quantitative tightening (QT) will end, depending on what dovish signals Powell will deliver this time. At this point, checking @opinionlabsxyz's prediction of a 25 basis point decrease, with a 98.3% YES, seems like a sure thing for a safety net.
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