Stock-market reaction up for debate as bets on a big Fed rate cut refuse to die
Market Extra
Key question: Would a 50 basis point interest rate cut reassure or unsettle markets?
Last Updated: First Published:
It was supposed to be settled by now.
The Federal Reserve is virtually certain to deliver an interest-rate cut when it concludes its policy meeting on Wednesday, but the size of that cut remains far from certain. Fed-funds futures traders have priced in a knife-edge decision between a standard cut of 25 basis points or an outsize move of 50 basis points.