Investing.com Poll: 60% of readers expect Fed to roll out 25-basis point cut
by 25-basis points, rather than a more aggressive 50 basis points, following the conclusion of its latest two-day gathering this week, according to a survey of Investing.com readers.
Of the 6,018 respondents to Investing.com's poll on social media platform X, 60.2% said they expect the Fed to announce a quarter-point cut, while 39.8% anticipate a deeper half-point reduction.Bets that the Fed will roll out a jumbo drawdown have increased in recent days, fueled by reports in the Financial Times and Wall Street Journal that the move is still a possibility.
Traders will also be hunting for any insight into how the Fed plans to approach a possible easing cycle, with markets currently pricing in at least 100-basis points in cuts by the end of 2024. Fed Chair Jerome Powell said in August that the"time has come" to adjust monetary policy, citing possible"downside risks" facing the job market in particular. The outcome of a potential easing cycle could be one of Powell's lasting legacies, especially as the Fed attempts to engineer a so-called"soft landing" -- in which a period of restrictive policy cools inflation without sparking a meltdown in labor demand and the wider economy.
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