Rate Cut Odds Surge Ahead of Jerome Powell Fed Meeting: Traders Predict Half-Point Trim?

The likelihood of a rate cut has significantly increased in anticipation of the upcoming meeting with Jerome Powell, the Chairman of the Federal Reserve. Traders and investors are speculating that the central bank may implement a reduction of interest rates by as much as half a percentage point. This heightened expectation reflects growing concerns about economic conditions and the potential need for monetary policy adjustments to stimulate growth. source: https://blocknews.com/rate-cut-odds-surge-ahead-of-jerome-powell-fed-meeting-traders-predict-half-point-trim/