Markets widely expect a Federal Reserve rate cut; voting disagreements and the dot plot become key factors.

According to Mars Finance, citing Jinshi, market pricing indicates a near 90% probability of a 25 basis point rate cut by the Federal Reserve on Wednesday. Analysts at BNY Mellon stated that investors should pay attention to guidance from voting disagreements, noting potential internal disagreements within the committee regarding the expected magnitude of the rate cut. Furthermore, the Fed will release new interest rate path projections (i.e., a dot plot) as part of its quarterly Summary of Economic Projections. Analysts added that the Fed may announce its readiness to provide liquidity support to the money market at the end of the year and into 2026.