Markets Anticipate Fed Rate Cut to 3.75%-4.00% in October

Financial markets are highly anticipating a potential interest rate cut from the Federal Reserve at its upcoming meeting on October 29th, with a near-certainty of a 98.3% chance for a move to a range between 3.75%-4.00%. This expectation reflects growing confidence in an easing monetary policy strategy as inflation shows signs of cooling and economic growth begins to slow down. The anticipated rate cut is driven by several factors, including declining inflation rates and a slowdown in job market growth.