The Federal Reserve is set to announce its first rate cut in over four years on Wednesday, signaling a major pivot from its previous emphasis on inflation control.
Markets remain split on the scale of the cut. Futures markets indicate a 63% chance of a 50-basis-point reduction as of Wednesday morning, up from 14% a week ago. The odds of a 25-basis-point cut stand at 37%.
Wall Street and the futures market show divergence as most institutio...