| | | | The Fed is set to have its next Federal Open Market Committee (FOMC) meeting on September 17th and 18th and many have been predicting that this meeting would include the first rate cut in about three years.
I personally expect to see a rate cut… But how big of a cut remains the magic question.
I think it’s very likely we could see a quarter percent cut, potentially even half of a percent… Although I think that’s a bit more far-fetched.
I am expecting a quarter percent cut more than likely, however… A half percent rate cut just seems too drastic for the Fed to do at this point, especially this early — literally at the beginning — of the rate cut cycle.
If we do hear bullish talk from Jerome Powell on Friday morning regarding a potential rate cut, I’d expect Friday's market to be quite bullish. So, keep an eye out Friday morning, and if we hear some positive-leaning news from him, get ready for what will likely be a very bullish trading day.
— Nate Tucci
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