đ Three rate cuts this year?Â
Judging by the vote on Polymarket, the majority believes that the Fed will indeed be able to cut the rate by a total of 75 basis points (bps) this year.
đ€ However, it should be taken into account that for this to happen, the Fed must cut the rate by 50 bps at one of the two meetings scheduled before the end of the year: either at today's meeting or on December 10.
In general, considering the shutdown, Powell might outplay everyone and not cut the rate today, but instead cut it by 50 bps at the next meeting.