The FED’s interest rate decision is just around the corner! Currently, there’s a 55% chance of a 50 basis point cut and a 45% chance of a 25 basis point cut. Typically, such close probabilities would not be the case, and we would have a clearer idea of the rate decision. However, since this meeting will see a rate cut for the first time in years, the probabilities are very close and market sentiment is uncertain.
