- Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point at its meeting this week.
- Beyond that, policymakers are likely to debate the future path of reductions, the challenges posed by a lack of economic data and the timetable for ending the Fed’s balance sheet runoff.
- “There’s dissent between people who want to cut now, and people who want to wait and see a bit more,” said former Fed official Bill English.