Markets on Wednesday look set to open muted with “all eyes are on the Fed,” as traders wait to see what the Fed’s decision on interest rates will be on Wednesday afternoon.
The consensus among economists and traders alike is that there will be a cut — it’s just how big a cut is what we’re waiting for.
Most are expecting a 25 basis point cut, and then one later in the year, but there is a chance Trump could get his wish of a 50-basis point cut after consistently lashing out at Jerome Powell for not acting swiftly to boost the economy.
