The Federal Reserve (Fed) chair, Jerome Powell, will be speaking at an event in memory of George Shultz at Stanford University tonight. However, a pre-meeting communication ban means he’ll avoid sharing any policy statements on economic or monetary matters until the Fed’s interest rate decision is announced next Wednesday. 90% of market experts anticipate a 25 basis point rate cut at the December meeting. This expectation stems from the current market climate and has been reflected in futures markets and bond pricing. If this prediction comes true, investor focus will shift to the Fed’s updated economic projections, particularly the “dot plots” which reveal key insights into the interest rate outlook for 2026. Polymarket, a predictive market platform, backs up these predictions with an overwhelmingly clear 89% probability of a 25 basis point cut being implemented. This expectation contrasts sharply with the low probability (only 1%) of any interest rate hike. Given this situation, a 50 basis point rate cut is practically non-existent in market expectations. This lack of anticipation for rate hikes suggests an unlikely scenario. *This does not constitute investment advice.*