Published on 26 Oct 2024 on Benzinga
November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks...
Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision.
Investors have further bolstered their rate-cut wagers during the week and now are assigning a 96% chance to a quarter-point rate cut, as per CME FedWatch tool.