Well, this looks to be the consensus call now especially with there being no real pushbacks by policymakers before the blackout period. As things stand, markets are pricing in ~92% odds of a rate cut for next week. And with there being no US non-farm payrolls or CPI data to upset the balance of order, it looks certain for the Fed to deliver one final rate cut before the turn of the year.
Fed now expected to cut interest rates by 25 bps in December - BofA Global Research
- The firm previously forecast that the Fed will not cut rates this month
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