The Federal Reserve will give its final answer this year in the early hours of the morning.
The market has already priced in a 25 basis point rate cut—an 89.4% probability. Smart money and retail investors are all waiting for the same thing.
Actually, everyone knows whether there will be a rate cut or not; the key is how the market's expectations will be drawn after the cut.
If it's just a standard 25 basis point cut, coupled with a roadmap suggesting no further rate cuts next year, the market will most likely turn downwards immediately.