Review & Preview: Fed’s Big Finale
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The moment Wall Street has spent the last six weeks waiting for has nearly arrived: The Federal Reserve will make its final interest-rate decision of the year at 2 p.m. ET tomorrow. Traders see an 87.4% chance that the Federal Open Market Committee will opt for a quarter-point cut, according to the CME FedWatch Tool. Such odds fell to about 30% in November but rebounded in the wake of dovish commentary from key central bank officials like New York Fed President John Williams.
📄 Summary
The moment Wall Street has spent the last six weeks waiting for has nearly arrived: The Federal Reserve will make its final interest-rate decision of the year at 2 p.m. ET tomorrow. Traders see an 87.4% chance that the Federal Open Market Committee will opt for a quarter-point cut, according to the CME FedWatch Tool. Such odds fell to about 30% in November but rebounded in the wake of dovish commentary from key central bank officials like New York Fed President John Williams.