Forex Traders Ponder Stock Market Correction as Rate Cut Looms

Forex market analysts are observing the potential for a stock market correction, particularly amidst expectations of a Federal Reserve rate cut in December. Jeremy Boulton, Reuters’ market analyst, notes that traders are weighing this possibility against the existing market trend. Current estimations suggest a 52% probability of a 25 basis point rate cut by the Fed during the month of December.