Fed will cut rates again tomorrow? The market expects the third tightening of 2019

According to the CNBC Fed Survey, about 80% of respondents believe that the central bank led by Powelli will cut rates at tomorrow's meeting. 63%, after the tight wait of tomorrow, the Fed will stop and will not make further cuts to the cost of money for the rest of the year. On average, respondents, including fund managers, economists and strategists, think the next cut will come in February.

"The market is currently pricing a very high probability (92%) of a rate cut by the Federal Reserve. Historically, the Fed has always respected expectations when the chances of a cut were so high and we do not see why this time it should behave differently, "said Francois Rimeu, senior strategist at La Francaise AM, on the eve of the meeting.
"We expect some changes in the wording of the accompanying statement, in which we should reaffirm that the Fed will act appropriately to support economic growth," the expert stresses. Since the last FOMC meeting, US economic data has signaled a deceleration in activity, with the non-manufacturing ISM index down, slowing wage growth and disappointing retail sales. "On the international front, geopolitical tensions have eased – recalls Rimeu – In any case we believe that the uncertainty remains far too high for the Fed to recognize these improvements in its statement".