Happening now: JPMorgan Chase CEO Jamie Dimon said the Fed will cut interest rates by 25-50 basis points today.

🔵Today's Fed decision will be the most uncertain in more than a decade:

🔷Prediction markets are now pricing in a 53% chance of a 50 basis point rate cut

🔷While the odds of a 25 basis point rate cut have dropped to 45%

⬅️The last time the market saw such a divided opinion was in 2008.

🔷No matter what the Fed does today, half the market will not be happy about it.