Odds of a 50 basis point Fed rate cut tomorrow have risen to 70% in early European trading.
- There is a widespread perception that Wall Street is nothing more than a casino.
- As the Fed meeting approaches, with the choice of a rate cut described as âred or blackâ or â50-50â, this is perhaps understandable.
- Investors are also focusing on the Fedâs âdot-potâ chart of interest rate guidance for the next year.
